Coinbase Survey: Investors dey see BTC as undervalued as ETFs draw $2B
One Coinbase survey wey cover 91 international investors show say Bitcoin (BTC) still dey look undervalued. 75% of institutions and 61% of retail investors yan say BTC dey undervalued, while only 7% (institutions) and 11% (retail) call am overpriced. Sentiment don dey broadly steady since Dec 2025.
Macro risk still be main wahala. Coinbase describe Q2 crypto positioning as “neutral”, mention Middle East geopolitical tensions and softer global growth expectations, including IMF forecast cuts and oil-shock risk warning. Traders dey also focus on Fed transition: rates hold for 3.50%–3.75%, and Jerome Powell term dey end May 15 with new chair nomination wey dem expect.
Flow data still dey support upside. Spot Bitcoin ETFs don pull about $2B year-to-date. Adrian Fritz from 21Shares talk say BTC daily trading volume dey above $50B and call am more “institution-ready.” E expect say BTC fit hold im current range and fit test $100k by year-end if conditions remain favorable.
For BTC trading, this one reinforce the “undervalued” story, but short-term price fit still react sharply to Fed-policy headlines and risk-off moves for global markets.
Neutral
Di survey dey strong di long-term bullish story for BTC valuation (most investors still dey see BTC as undervalued) and e dey reinforced by ongoing spot ETF inflows (~$2B YTD) and high liquidity/volume (>$50B daily). But Coinbase still dey call broader Q2 expectations neutral because macro and geopolitical uncertainty, and di Fed leadership transition dey keep policy-path risk high even after Powell hold rates at 3.50%–3.75%. That mix mean say upside support for BTC dey, but near-term trading likely go still dey headline- and risk-off-sensitive instead of smooth upward trend—so net impact on BTC price na neutral.