Bitcoin's Future Remains Bright for Coinbase CEO

Coinbase CEO Brian Armstrong remains optimistic about Bitcoin's future, reaffirming his long-term bullish outlook on CNBC's Squawk Box Asia. Despite the cryptocurrency currently trading at around $76,700, Armstrong believes it's reasonable to expect Bitcoin to reach $400,000 by 2030.

Armstrong pointed out that Bitcoin has passed the one-year mark of its latest correction and is likely in a period of recovery. He also mentioned that the next quadrennial halving event is expected to occur around mid-April 2028.

The Coinbase CEO emphasized that he personally believes the bottom is in on Bitcoin, citing its rebound from around $60,000 as evidence. Armstrong expressed confidence that regulatory clarity will be achieved soon, either through the passage of the CLARITY Act or through rulemaking by the SEC and CFTC.