Bitcoin Hits 7-Month High as Coinbase CEO Sees $400,000, Says Crypto Won’t Wait for Congress

Bitcoin (CRYPTO: BTC) surged above $84,000 on Monday as Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said the world’s largest cryptocurrency could reach $300,000 to $400,000 by 2030.

He added that the crypto king’s recent drop to $60,000 may have marked the bottom of the latest cycle.

Bitcoin’s $60,000 Bottom in?

Armstrong noted Bitcoin’s historical cycle pattern, where rallies around halving events have typically been followed by downturns lasting roughly a year.

"We’ve just gone through one of those recently," Armstrong told Scott Melker in an interview on Sep.20 pointing to $60,000.

"My hope is by 2030 we could see a $300,000, $400,000 Bitcoin," he said.

Armstrong’s bullish outlook extends beyond Bitcoin’s price. He said stablecoins, perpetual futures, prediction markets and AI-powered finance continue growing regardless of Bitcoin’s short-term swings.

He also sees AI creating another major use case for blockchain payments.

Coinbase is building infrastructure around its Base blockchain, USDC and the x402 payment protocol.

Armstrong expects the trend to accelerate as AI shifts from answering questions to completing tasks that require spending money.

Crypto Won’t Wait for Congress