Coinbase CEO Says Bitcoin Has Bottomed, Maintains $400,000 2030 Target

Forecast Trend Report by Period

Coinbase Chief Executive Officer Brian Armstrong said Bitcoin has already passed the bottom of the current cycle and should continue rising over the next one to two years. He also maintained his previous forecast that the cryptocurrency could reach $400,000 by 2030.

Armstrong told CNBC in an interview aired a day earlier that, in his view, Bitcoin has already bottomed in this cycle. He added that the token would likely remain in an uptrend over the next one to two years as it approaches the next halving.

He also said the U.S. regulatory environment for digital assets will become clearer regardless of whether the Senate passes the CLARITY Act, a crypto market structure bill. Even if the measure fails, the Securities and Exchange Commission and the Commodity Futures Trading Commission are preparing related rules.