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While Bitcoin’s price has tested investor confidence with sharp declines in recent months, a new survey published by Coinbase reveals that institutional investors paint a much more optimistic picture compared to the broader market. According to the survey, 71% of institutional investors believe Bitcoin’s current price is below its fair value. As Bitcoin (BTC) continues to experience volatility amid rising macroeconomic pressures and risk-off sentiment, these findings suggest that institutions view recent pullbacks as buying opportunities.
Details of the Coinbase Survey
The survey conducted by Coinbase included 75 institutional investors and 73 retail investors, with participation taking place between early December and early January. The results clearly highlight a growing divergence in perspective between institutional and retail investors. Institutions appear to approach market volatility with a more long-term and strategic mindset.
Survey data shows that the majority of institutional participants consider Bitcoin undervalued at current price levels and agree that, despite short-term fluctuations, its long-term potential remains strong. This reinforces the view that institutions continue to position Bitcoin not merely as a speculative asset, but as a long-term store of value. One of the most notable findings relates to expectations under further downside scenarios. 80% of institutional investors stated that if the crypto market were to fall by another 10%, they would either maintain their existing positions or buy more Bitcoin. This stance underscores their focus on long-term valuation rather than short-term price movements.
Market Perception: Accumulation or Bear Market?
Among respondents, 54% described the current market structure as either an accumulation phase or a bear market. This view suggests that while the market has not yet entered a clear bullish trend, many see it as offering opportunities for long-term investors. Meanwhile, about 25% of institutional investors described Bitcoin’s trading range during the survey period—$85,000 to $95,000—as “fair value,” while only 4% considered Bitcoin overvalued at current levels.
The report also addresses macroeconomic expectations. Participants noted that if the Federal Reserve cuts interest rates twice this year, the resulting monetary easing could create a favorable environment for Bitcoin and other risk assets. This outlook supports the idea that Bitcoin could regain a stronger position within institutional portfolios.
Assessment
The Coinbase survey shows that despite recent declines in Bitcoin’s price, institutional investors remain largely bullish. The perception that current price levels are below fair value suggests that institutional demand could step in during further pullbacks. In the coming period, FED policy decisions and broader macroeconomic developments will play a key role in determining whether these expectations materialize.
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