Anthropic’s new Mythos AI will hit crypto. Bitcoin investors don’t care, says Coinbase

Artificial intelligence is a Sword of Damocles dangling over crypto — but Wall Street isn’t quailing, says Coinbase.

Anthropic’s new Claude Mythos AI model is able to exploit security vulnerabilities autonomously and therefore threatens crypto markets, according to a second-quarter outlook by Coinbase and Classnode. In theory, it could hammer key weak points across protocols, exchanges, and infrastructure.

But that’s not shaking institutional investors’ confidence in Bitcoin, David Duong, Coinbase’s global head of investment research said in a note shared with DL News.

He highlighted that three‑quarters of institutions “still see Bitcoin as undervalued” despite the short-term fears clouding the market’s sentiment.

Duong’s confidence comes as crypto has struggled to keep up with other asset classes like stocks or gold. Bitcoin is still down nearly 40% from its October peak while the S&P 500 printed a new record in April. It is currently trading at $77,000 after rallying some 13% over the past month.

“Our outlook for the next quarter remains neutral, but there are early signs the market may be finding a floor,” Duong said. “Much of the speculative activity has been flushed out.”

Exchange-traded fund inflow data backs him up. April has been the best month since October as traders poured just under $2 billion into Bitcoin ETFs over the past 30 days, DefiLlama data shows.

How dangerous is Mythos?

Major crypto exchanges including Coinbase and Binance are moving quickly to…