Coinbase CEO Sees Bitcoin Bottom, Predicts Strong Price Action Ahead

Bitcoin has likely reached its bottom in the current cycle, according to Coinbase CEO Brian Armstrong. Speaking to Bloomberg Television on Thursday in Singapore, Armstrong said he believes Bitcoin will start trending up over the coming year or two as it approaches the next halving event.

The CEO also noted that regulatory clarity for the crypto industry is improving, with the Clarity Act 'right on the finish line' in the Senate. If passed, this legislation would mark a significant milestone for cryptocurrency, Armstrong said.

He added that even if the bill doesn't pass, US regulators have signaled their readiness to publish clear rules. This could happen within the next week or two, Armstrong suggested.