Coinbase CEO Predicts Bitcoin’s Surge Into Multiple Millions – Markets and Prices Bitcoin News
Bitcoin is poised to hit “multiple millions,” Coinbase’s CEO declared, citing surging institutional adoption, ETF inflows, and the transformative potential of clear U.S. legislation.
Bitcoin to Reach Multiple Millions? Coinbase CEO Predicts Massive Growth
Coinbase CEO Brian Armstrong shared his thoughts on the state of cryptocurrency during an interview with CNBC last week. He discussed bitcoin’s long-term potential, the impact of the Trump administration’s recent policies, and the evolving regulatory landscape in the United States.
Armstrong expressed confidence in bitcoin’s future value, predicting significant growth over time. The Coinbase executive said:
I think over time we’ll see bitcoin get into the millions, multiple millions price range.
He highlighted increasing adoption by institutional investors and the influence of bitcoin exchange-traded funds (ETFs) in bringing substantial inflows into the market. He further emphasized that clear legislation in the U.S. could serve as a major catalyst. “If we get clear legislation passed in the U.S., that would be a big milestone. A strategic bitcoin reserve—if the U.S. took that path—probably the rest of the G20 would follow,” Armstrong added.
The Coinbase CEO also addressed the concept of a strategic bitcoin reserve, linking it to recent developments under the Trump administration. President Donald Trump has signed an executive order exploring digital assets, which could pave the way for a bitcoin reserve. Armstrong shared: “I’ve discussed with a number of finance ministers here in Switzerland, from different countries around the world, just the idea of a strategic bitcoin reserve. They’re getting more interested in it now because the U.S. is looking into it.” Armstrong framed bitcoin as the “new gold standard” while stressing that cryptocurrency extends beyond bitcoin alone, encompassing payments, economic freedom, and other innovative uses.
Turning to regulatory challenges, Armstrong criticized the approach taken by the Biden administration and the Securities and Exchange Commission (SEC) under Gary Gensler. He accused the administration of engaging in enforcement actions without providing regulatory clarity. “The last four years we really felt like we were being attacked by this administration. They tried to weaponize the lack of clarity in the rules to really push back even on the good actors,” Armstrong said. However, he noted that the crypto industry is optimistic about a fresh start with the Trump administration and is actively pushing for clear, consistent legislation in the U.S. He opined:
The industry is just ready for this new change. They’re ready for clear rules and that’s our big push next … to try to go get some legislation passed in the U.S. to make it even more clear.
