Coinbase CEO Sticks to $400,000 Bitcoin Target Amid Market Volatility

Coinbase CEO Brian Armstrong remains optimistic about Bitcoin's future, despite its recent decline. He believes that the cryptocurrency will reach $400,000 by 2030, a target that requires a significant rally from its current price of around $76,930.

Armstrong's forecast comes as Bitcoin falls 5.4% over the past week and sits about 39% below its October 2025 record of over $126,000. However, he points out that most down periods for Bitcoin last roughly a year, and this one has just passed that mark.

Armstrong also highlighted two key events that could impact Bitcoin's price: the CLARITY Act, which faces a procedural vote in the Senate on September 15, and the next halving, about 18-19 months away. He expects the usual run-up ahead of it.

Analyst Jesse Myers agrees with Armstrong's clock-based approach, noting that Bitcoin has rallied significantly after previous halvings. He projects that if the same pattern plays out this cycle, the next 1.6 years could be the most explosive time for BTC.