Bitcoin (BTC) should be trading higher in crypto’s transition year, says Keyrock CEO

Keyrock CEO Kevin de Patoul predicts Bitcoin's value is significantly undervalued at $72,332.39, hinting at potential growth in 2026 as the crypto market evolves.

Are you wondering where Bitcoin's price is headed in 2026? Keyrock CEO Kevin de Patoul has some intriguing insights that suggest Bitcoin might be undervalued and poised for significant shifts in the crypto market today. What Does Kevin de Patoul Say About Bitcoin's Current Value? According to de Patoul, Bitcoin should be trading much higher than around $72,332.39 —which is where it was valued shortly before the update on March 4, 2026. He argues that despite the macroeconomic uncertainties and the increasing institutional adoption of cryptocurrency, BTC remains stuck in a pricing paradox: it’s still viewed as a risk-on asset rather than a risk-off hedge. What Is Driving the Current Market Sentiment? Year-to-date, Bitcoin is down approximately 18% , having reached an all-time high near $125,000 in early October of the previous year. De Patoul emphasizes that if one looks back at the developments from early 2025 to 2026—such as regulatory progress and institutional adoption—they would expect a price explosion, yet that hasn't been the case. “Increasing macro uncertainty should increase bitcoin demand, and yet it hasn’t,” he pointed out. The market's behavior can be perplexing; while Bitcoin's capital was once viewed as ideological, it now appears more tactical. De Patoul explains, “If investors perceive it that way, then in periods of stress they reduce exposure.” This shift indicates a cautious take from investors regarding Bitcoin's role as a store of value. What Trends Are Emerging in the Crypto Market? Over the last six months, the performance of crypto assets has been lackluster, with Bitcoin drifting below previous highs. Trading volumes have decreased, volatility has compressed, and there hasn’t been the widespread rally experienced in prior cycles. De Patoul notes that “the parts that actually make sense are still being built,” especially as traditional finance starts moving on-chain. This leads to a structural transition in the market. “We’re not issuing stab