Kevin de Patoul, CEO of Keyrock, believes Bitcoin is undervalued and 2026 marks a transition year for digital assets. Despite Bitcoin trading around $73,000, down 18% year-to-date from its peak of $125,000, de Patoul argues that macro conditions and structural progress are being misread by the market. He notes that while institutional adoption and tokenization efforts advance, Bitcoin remains priced as a risk-on asset, with capital flows appearing more tactical than ideological. De Patoul highlights two parallel markets: the subdued crypto-native ecosystem and the burgeoning digitization of traditional finance. He emphasizes that while tokenized assets and stablecoins are being developed, their utility is still under construction. De Patoul predicts that 2027 and 2028 will be pivotal years as traditional capital markets begin to migrate onchain, potentially eclipsing previous crypto peaks. Keyrock aims to bridge traditional and digital finance, focusing on making digital assets useful at scale.