Crypto
Bitcoin Sees New Price Target from Coinbase CEO Amid Growing Momentum
Coinbase Global CEO Brian Armstrong believes Bitcoin could reach $300,000 to $400,000 by 2030. To achieve this, Bitcoin needs to maintain its upward momentum and grow at a compound annual growth rate (CAGR) of 31.6% or 41.4%, respectively.
Bitcoin's past decade has seen significant growth, with a CAGR of 33.6% from August 2017 to July 2026. However, this growth has not been linear and includes several epic collapses.
Armstrong attributes the potential $300,000 price target to the passage of the Digital Asset Market Clarity Act (Clarity Act), which he believes will lift the prospects of the entire crypto market.