A new survey from Coinbase shows that institutional investors are surprisingly optimistic, even if Bitcoin has dropped about 30% from its all-time high. The poll, which took place between early December and early January, asked 75 institutional investors and 73 independent investors. It revealed that 71% of institutions and 60% of independents think Bitcoin is undervalued when it trades between $85,000 and $95,000. This feeling hasn’t changed, even though the cryptocurrency has struggled to recover from a major market crisis in October that wiped out more than $19 billion in leveraged bets. Bitcoin’s price is ... (full story)