Bitcoin Investors Shrug Off Mythos AI Threat, Coinbase Says
Despite cybersecurity experts warning that Anthropic's Mythos AI could find crypto vulnerabilities at scale, Coinbase reports that institutional investors aren't concerned. Bitcoin ETF inflows hit ₱122.77 billion ($2 billion) over the past 30 days in April.
Key Takeaway
Institutions bet on Bitcoin despite AI security fears, with ₱122.77 billion ($2 billion) flowing into ETFs in April alone.
Coinbase Global Head of Investment Research David Duong says Bitcoin investors don't see Anthropic's Mythos AI as a threat despite warnings about the system's ability to find crypto vulnerabilities at scale.
The market outlook report, co-authored with Classnode, notes that institutional confidence in Bitcoin remains strong even as the AI model raises security concerns across the industry. Three-quarters of institutions see Bitcoin as undervalued. Bitcoin rallied 13% over the past month and currently trades at ₱4,726,582 ($77,000), down nearly 40% from its October peak.
Duong said the outlook for the next quarter remains neutral but early signs suggest the market may be finding a floor. Much of the speculative activity has been flushed out, he added.
Cyvers Alert Head of Cybersecurity Deddy Lavid told DL News in April that the risks are serious. If AI finds weaknesses at scale, crypto could be one of the first sectors hit, he said.
Bitcoin ETF inflows hit just under ₱122.77 billion ($2 billion) over the past 30 days, with April marking the best month for ETF inflows since October. The crypto industry lost ₱208.71 billion ($3.4 billion) to hacks and attacks in 2025, according to Chainalysis data.
This article was written based on reporting from Dlnews.
