In recent months, the threat of quantum computing attacks on Bitcoin (BTC) and altcoins has increased.
While some analysts believe this situation threatens to lower the price of Bitcoin and altcoins, the Coinbase report suggests the opposite.
According to DLNews, a Coinbase survey reveals that 75% of institutions believe BTC is undervalued despite the risks of quantum and AI attacks.
Despite the emergence of AI models like Anthropic’s Claude Mythos that can automatically detect and exploit vulnerabilities, and despite quantum risk, 75% of institutional investors still view Bitcoin as an undervalued asset, according to Coinbase.
However, Coinbase is warning that Anthropic’s new Claude Mythos AI could threaten markets.
Coinbase Head of Institutional Research David Duong acknowledged the risks of such AI protocols but stated that it has not undermined institutional investors’ confidence in Bitcoin.
“Despite the risks of such AI attacks and quantum threats, three-quarters of institutions still believe Bitcoin is undervalued.”
Dupng also recently revealed his price prediction for Bitcoin. The analyst stated that the outlook for BTC in the coming quarter is neutral, but added that there are early signs that the market is beginning to bottom out.
*This is not investment advice.
