Coinbase CEO Predicts Bitcoin Price Could Hit $300K-$400K by 2030

Coinbase CEO Brian Armstrong shared his long-term expectations for Bitcoin's price on Fox Business Network. He stated that reaching the $300,000 to $400,000 range by 2030 is 'very likely.' This prediction comes after a significant rally in the cryptocurrency market, with Bitcoin surpassing the $72,000 level and gaining nearly 10% in value over the last 24 hours.

Armstrong also discussed recent developments in cryptocurrency regulation in the US. He mentioned that he attended a meeting at the White House on Wednesday with high-ranking figures from the cryptocurrency and traditional finance sectors to discuss the CLARITY Act. The bill aims to create a comprehensive regulatory framework for digital assets, determining under what conditions they are classified as securities, commodities, or stablecoins.

Armstrong noted that while some banks oppose the CLARITY Act, many others support it, recognizing its potential to give them new powers and allow them to grow their businesses. US President Donald Trump has also called on Congress to move forward with the bill, describing it as a 'very, very powerful' piece of law.