Brian Armstrong Sticks to Bitcoin Price Target of $400,000 by 2030

Coinbase Global CEO Brian Armstrong still believes that Bitcoin will reach $400,000 by 2030. He made this prediction in a September interview, citing past market cycles as his reasoning.

According to Armstrong, the network cuts new BTC entering circulation about once every four years. This has led to sharp price runs followed by major pullbacks in previous halving periods.

The CEO thinks another similar cycle could take Bitcoin to around three times its previous record price before 2030.

Armstrong emphasized that this estimate depends on Bitcoin behaving similarly to earlier cycles and is not a fixed forecast. He also mentioned that past price action cannot predict what will happen next.