Bitcoin Price Can Hit $400,000, Brian Armstrong Says as CZ, Glassnode Hint at Upcoming Rally

Coinbase CEO Brian Armstrong on Thursday reiterated that Bitcoin price could reach $400,000 by 2030, calling it a “reasonable target.” He added that BTC has already hit bottom and expects upside amid pressure in global bond markets. Meanwhile, Binance founder Changpeng “CZ” Zhao and Glassnode data pointed to an upcoming broader crypto market rally.

Bitcoin price currently trades at $78,000, down slightly as investors await US CPI and PPI inflation data later this week. Fed rate hike odds rising above 60% kept traders cautious, while continued strikes in the US-Iran war elevated pressure.

Coinbase CEO Brian Armstrong Predicts Bitcoin Price Rally to $400,000 by 2030

He told CNBC on September 10 that $400,000 by 2030 is a reasonable target for Bitcoin price, arguing the market has already found a bottom and that clearer regulations would unlock more capital.

Coinbase CEO cited reasons including the CLARITY Act, White House pressure on regulators, stronger ETF demand, and Bitcoin’s fixed 21 million supply. He added that even if the CLARITY Act didn’t pass the Senate in September, the US SEC and CFTC are already pushing crypto rulemaking.

Notably, the $400,000 target is significantly lower than Brian Armstrong’s earlier $1 million by 2030 prediction. He also believes there is a good chance Bitcoin price can reclaim $100,000 by the end of 2026.