Bitcoin to Hit $400,000 by 2030, Predicts Coinbase CEO Brian Armstrong

Coinbase CEO Brian Armstrong believes Bitcoin could reach $400,000 by 2030. This prediction is based on the cryptocurrency's four-year market cycles, with each cycle consisting of a run-up and a down period.

The latest downturn has already crossed the one-year mark, according to Armstrong, and he thinks the bottom may be in for this cycle.

Armstrong pointed to the next Bitcoin halving event as another factor that could drive future growth. The event is about 18 months away, and historically, Bitcoin tends to see a run-up in advance of it.