Coinbase CEO Predicts $400,000 Bitcoin Target for 2030

Coinbase CEO Brian Armstrong is predicting that Bitcoin will reach $400,000 by 2030, requiring a significant increase of 420% from its current price around $76,930.

This prediction comes despite the recent downtrend in the cryptocurrency's value, which has lasted for about a year. However, Armstrong believes that this trend has likely bottomed out and is anticipating a rally driven by upcoming events such as the CLARITY Act vote and the next Bitcoin halving in 18-19 months.

Jesse Myers, an analyst who supports this outlook, projects a significant price surge in the next 1.6 years based on past halving cycles. However, current market demand is weak, with spot Bitcoin ETF inflows slowing and recent outflows threatening a three-week positive streak.