Bitcoin Could Reach $400,000 by 2030, Says Coinbase CEO Brian Armstrong

Coinbase CEO Brian Armstrong believes Bitcoin (BTC) could reach between $300,000 and $400,000 by 2030 if the cryptocurrency continues to follow the market cycles seen in previous years.

Armstrong made the comments during an interview on “The Wolf of All Streets” channel Sunday, where he discussed Bitcoin’s previous market cycles, the recent downturn, and the broader expansion of the crypto industry.

“My hope is that by 2030 we could see a $300,000 $400,000 Bitcoin,” Armstrong told host Scott Melker.

Notably, the Coinbase chief based his outlook partly on Bitcoin’s recurring four-year market cycles. He noted that the cryptocurrency has historically recorded major advances around its halving events, when the number of new BTC entering circulation is cut in half, followed by periods of significant corrections.

“We’ve just gone through one of those recently, and so nobody knows for sure, but if it follows similar patterns to the past, hopefully we’ve seen the bottom of this cycle around $60,000 or so on Bitcoin,” he added.

Last week Armstrong also expressed a similar view, telling Bloomberg he believed Bitcoin’s latest downcycle had reached its bottom after the cryptocurrency spent roughly a year in a decline.