Bitcoin Predicted to Hit $400,000 by 2030: Coinbase CEO Armstrong

Coinbase CEO Brian Armstrong has made a bold prediction about Bitcoin's future price. He believes that it could reach $400,000 by 2030, which would represent a significant increase of 420% from its current levels.

This forecast is based on the cryptocurrency's four-year cycle pattern and recent market bottom. Key upcoming events such as the CLARITY Act vote and the next Bitcoin halving are also seen as supporting this bullish outlook.

However, not everyone is convinced of Armstrong's prediction. Recent outflows from Bitcoin ETFs may signal short-term caution, and some analysts have expressed concerns about a bull trap in the market.

Armstrong himself expects Bitcoin to reclaim $100,000 before the end of 2026, which would be a significant milestone on its path to reaching his predicted price target of $400,000.