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CryptoMarkets

Coinbase CEO Brian Armstrong Says Crypto May Be on the Cusp of Next Bull Market, Touts 'AI-Fi' as New Opp

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong sees the year-long crypto spot trading bear market nearing an end as the CLARITY Act vote approaches.

Benzinga

Publisher

Aug 20, 2026 at 8:30 PM UTC · 1 분 소요

Coinbase CEO Brian Armstrong Says Crypto May Be on the Cusp of Next Bull Market, Touts 'AI-Fi' as New Opp
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Entities

coinbase

Market Impact

BTC+4.19%$72,619

Last Updated

3분 전

번역 중…

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong sees the year-long crypto spot trading bear market nearing an end as the CLARITY Act vote approaches.

Is the Next Crypto Bull Market Close?

Speaking on CNBC’s Thursday "Squawk Box" session, Armstrong said the CLARITY Act dominated discussions both publicly and inside the Oval Office.

"I’m pretty optimistic it’ll get over 60 votes," Armstrong said, arguing that both sides have secured roughly 90% of what they want from negotiations.

He also offered an upbeat assessment of the crypto market following Bitcoin’s (CRYPTO: BTC) latest rebound to the highest levels in two months.

Latest Private Market Opportunities

He noted that crypto spot trading has been in a bear market for roughly a year, approaching the approximate duration of previous downturns.

Armstrong sees three potential catalysts converging for the next bull market for spot trading in crypto.

The duration of the current downturn, the Sep. 15 CLARITY Act vote and BTC’s historically stronger performance during October, November and December following halving cycles.

Coinbase Looks Beyond Bitcoin Trading

Armstrong stressed that Coinbase has become less dependent on Bitcoin spot trading during the downturn.

Market Context

Bitcoin

BTC

$72,619

+4.19% (24H)

Market Cap

$1.46T

24H Volume

$50.2B

24H High

$73,043

View Bitcoin Market Page

Article Intelligence

Key Entities

coinbase

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