Armstrong Sees $400K Bitcoin, Warns of Inflation Threat

Coinbase CEO Brian Armstrong thinks Bitcoin has finally hit its bottom and could reach $400,000 by 2030.

Armstrong believes regulatory developments and anticipation surrounding the next halving will support a positive market trend for BTC in the next year or two.

However, rising oil prices due to the escalating war in Iran threaten to disrupt the recovery, potentially sending Bitcoin back toward $70,000 according to MEXC CEO Vugar Usi Zade.