Bitcoin Could Reach $400,000 by 2030, Coinbase CEO Predicts
Bitcoin has rallied over the past two months, raising hopes that it has hit bottom and is about to embark on another epic bull market run.
Coinbase CEO Brian Armstrong predicts that Bitcoin could soar to $400,000 by the end of 2030, which would make a $500 investment worth nearly $2,500.
The primary catalyst for Bitcoin's growth is institutional adoption, as banks, Wall Street financial institutions, and big institutional investors increasingly embrace Bitcoin.
These institutions are creating new Bitcoin financial products and boosting their overall Bitcoin portfolio allocations, which should lead to a rising price for Bitcoin.
However, the Digital Asset Market Clarity Act, which was supposed to facilitate institutional adoption, has faded away, leaving it up to the SEC and CFTC to fill the regulatory void with new crypto rule-making.