Armstrong Sees Bitcoin Soaring to $300,000-$400,000 by 2030
Coinbase CEO Brian Armstrong believes Bitcoin could reach $300,000 to $400,000 by 2030. He attributes this potential increase to improving U.S. regulatory conditions and growing institutional adoption of the cryptocurrency.
Speaking on Fox Business Network, Armstrong pointed out that the world's largest cryptocurrency has shown renewed strength recently, climbing past $72,000 and posting gains of around 10% over the prior 24 hours.
The Coinbase chief also suggested the broader crypto market may be approaching the end of its recent downturn and could be nearing the start of a new phase of stronger spot trading activity. Armstrong has expressed bullish views on Bitcoin for years and sees potential regulatory clarity in the United States as a key supporting factor for the long-term outlook.