Coinbase CEO Predicts $400,000 Bitcoin Price Target by 2030

Coinbase CEO Brian Armstrong has made another bullish long-term projection on Bitcoin, expecting it to reach $400,000 by 2030. This prediction comes despite the outcome of the CLARITY Act, which is still unknown as its vote is scheduled this week.

Armstrong believes that the evolving regulatory landscape and various catalysts will propel BTC to climb to this level. He notes that institutional adoption, regulatory progress, halving (and scarcity), and macro debasement will gradually spark new interest and investment in the asset, expanding its value.

The CEO remains confident that clearer rules are coming for the US crypto market, which is set to benefit from a more defined regulatory framework. He points out that institutional confidence in the crypto market has evolved substantially in recent years, driven by supportive regulations.