Bitcoin Could Hit $400K By 2030, Armstrong Says The Bottom Is In

Coinbase CEO Brian Armstrong says Bitcoin (BTC) could climb more than fivefold to $400,000 by 2030, arguing the bottom is in before the next halving.

Key Points:

• Armstrong still considers $400,000 by 2030 a “reasonable target” for Bitcoin.
• He believes the latest Bitcoin downturn has bottomed after roughly a year.
• Armstrong also expects greater U.S. crypto regulatory clarity within about a month.

Bitcoin $400K Case

Armstrong told CNBC on Thursday that $400,000 remains a “reasonable target” for Bitcoin, which was trading near $77,000 during the interview. Reaching that level would require the cryptocurrency to rise more than fivefold in a little over three years.

He tied the forecast partly to Bitcoin’s four-year market cycle, saying the current decline has lasted about as long as previous down periods. “I personally believe that the bottom is in on Bitcoin in this most recent cycle,” Armstrong said, noting the asset had rebounded from around $60,000. Armstrong also pointed to the next Bitcoin halving, expected in roughly 18 months, and said the next one or two years could be favorable for the asset.

Armstrong Regulation Outlook

Armstrong also predicted that U.S. crypto rules will become clearer within a month, whether Congress passes the Clarity Act or regulators act under existing authority. The Senate is scheduled to vote on the bill Sept. 15, and Armstrong said people he has spoken with in Washington believe it is “ready to get a yes vote.”