I just read a statement from Keyrock's CEO about Bitcoin, and he has an interesting perspective amid the current market volatility. According to him, Bitcoin is still undervalued—which means the market has not fully priced in the true value here.

What’s interesting is the framing that functionality is the foundation of long-term valuation. It’s not just about hype or momentum trading, but about what Bitcoin truly offers as an asset and technology. Here, we’re talking about durability, security, and the evolving adoption narrative.
He also refers to this as a "transition year"—a period where we see a shift from pure speculation to more mature institutional adoption. If true, this could be a turning point for how the market prices Bitcoin.
Perspectives from institutional investors like this are important because they view the market from a different angle—not just chart watching, but fundamental shifts in how this asset is accepted and integrated into traditional portfolios.
It’s quite interesting when combined with the adoption trends we see in various countries. Definitely worth keeping an eye on to see if this narrative will be reflected in future price action.