Coinbase CEO ‘as Bullish as Ever’ on Bitcoin, Expects Much Higher Prices by 2030
Coinbase CEO Brian Armstrong reiterated his long-term confidence inbitcoin, saying he remains long the asset and expects much higher prices by 2030. In comments shared alongside a video, Armstrong. . .
Coinbase CEO Brian Armstrong reiterated his long-term confidence inbitcoin, saying he remains long the asset and expects much higher prices by 2030. In comments shared alongside a video, Armstrong describedbitcoinas “the new digitalgold” and pointed to historical market cycles as part of his outlook. Key TakeawaysBrian Armstrong said he remains bullish on bitcoin and continues holding a long position. Current market conditions may indicate that bitcoin has already bottomed in this cycle. Armstrong said bitcoin could become a key part of the economy and expects much higher prices over the long term. Brian Armstrong ReaffirmsBullishBitcoinOutlook and Long-Term PositionCoinbase Global Inc. (Nasdaq: COIN) CEO Brian Armstrongreaffirmedhisbitcoinstance in an X post, writing that he remains long thecryptoasset and continues to hold abullishview. His comments accompanied a video he shared discussingbitcoin’s role, market cycles, and his expectation of much higher prices over the long term. The remarks placed Armstrong’sBTCoutlook within a broader view ofcryptoadoption. He describedbitcoinas “the new digitalgold” and tied his position to long-term economic use, rather than short-term market moves or near-term trading levels. Armstrong wrote on June 14:“I’m asbullishas ever onbitcoin, and still long (as always). It’s never as good or bad as it seems. ”The Coinbase executive expanded on that view by discussingbitcoin’s recurring four-year market cycles. He noted that some investors track indicators such as the percentage of holders in profit versus loss to assess wherebitcoinmay be in the cycle, which has historically featured periods of strong gains followed by market pullbacks. While cautioning that no one can predict market movements with certainty, Armstrong suggestedbitcoinmay have already reached a bottom in the current cycle. He said, “my instinct is we probably have bottomed at this point,” adding that the $60,000 level could have marked that low. He tiedbitcoin’s long-term prospects to its growing role in the global economy, stating:“I think it’s going to be a key part of our economy going forward into the future, so I’m asbullishas ever. ”Coinbase CEO Points to Possible Bottom and 2030 Price UpsideArmstrong also emphasized that short-term market fluctuations do not change his long-term outlook onbitcoin. Reaffirming his conviction in the asset’s future role and value, he said:“I’m optimistic as always. I think by 2030 we’re going to have a much higher, higher price, and I’m longbitcoin, just like always. ”Other recent X posts show Armstrong has applied a similar long-term frame tocryptomarkets. He has previously said that marketvolatilitydoes not change his outlook and that he remains long-termbullishoncryptoas digital assets continue to gain ground in financial services. Stablecoinshave also featured prominently in Armstrong’s broadercryptocommentary. He has described Coinbase as “extremelybullishonstablecoingrowth” and calledstablecoins“the best form of money,” citing both global users and AI agents as rapidly growing user groups. Coinbase is teasing the next phase of its Everything Exchange vision built around one account for crypto, stocks, ETFs, cash,…Coinbase Teases Next Phase of ‘Everything Exchange’ for Crypto, Stocks, PerpsCoinbase is teasing the next phase of its Everything Exchange vision built around one account for crypto, stocks, ETFs, cash,…Coinbase is teasing the next phase of its Everything Exchange vision built around one account for crypto, stocks, ETFs, cash,…