CEO of crypto investment firm Keyrock says bitcoin is undervalued, entering ‘transition year’

Kevin de Patoul argues that 2026 won't be a washout for digital assets, but instead a structural reset as traditional finance quietly moves onchain. What to know : Keyrock CEO Kevin de Patoul says bitcoin should be much higher given macro uncertainty and institutional progress, but remains priced like a risk-on asset. He says 2026 is a transition year as tokenized assets and stablecoins are built out. Tokenized real-world assets may grow to match, or exceed, the size of crypto’s last cycle at its peak by 2027–2028 as liquidity and infrastructure come online, according to de Patoul .