Coinbase CEO Armstrong Sees Bottom in Bitcoin Cycle

Coinbase CEO Brian Armstrong is optimistic about Bitcoin's prospects, believing it has already reached its bottom in this cycle.

Speaking to Bloomberg Television on Thursday in Singapore, Armstrong stated that Bitcoin goes through four-year cycles and thinks the current cycle has seen the price bottom out. He expects prices to start trending up over the coming year or two as the next halving event approaches.

The Coinbase CEO also highlighted the improving regulatory environment for the crypto industry, citing the Clarity Act as a 'big milestone' if passed by the Senate. While the bill's outcome is uncertain, Armstrong noted that US regulators have signaled they're ready to publish clear rules regardless of its passage.