70% of Institutions Say Bitcoin is Undervalued Despite 30% Crash – Bitcoin About to Rally?
Most institutional investors remain bullish on Bitcoin despite brutal fourth-quarter volatility that erased nearly a third of the asset’s value from recent peaks. A new Coinbase Institutional and Glassnode survey found 70% of institutions view BTC as undervalued, even after the token dropped from above 90,000 by year-end, while 60% of non-institutional investors share that conviction. Source: Coinbase Institutional The findings come from a quarterly poll ...