Bitcoin Reaches Cycle Floor, 400K Target Still Within Reach

Coinbase CEO Brian Armstrong believes that Bitcoin's price target of $400,000 by 2030 is still within reach. This prediction would require a significant increase of over 400% from its current price around $77,000.

Armstrong pointed out that Bitcoin has already reached the floor of its current cycle and that it could break through to new heights with the upcoming halving in 2028 and favorable US regulations. However, before reaching this target, Bitcoin must first sustainably breach the level of $81,500.