Coinbase CEO names three arguments for Bitcoin's growth to $1 million by 2030
- Brian Armstrong said he doesn't pay attention to short-term market fluctuations.
- According to him, the price of Bitcoin could reach $1 million by 2030.
- Key factors include the launch of ETFs, regulatory clarity and demand from governments.
Brian Armstrong, CEO of cryptocurrency exchange Coinbase, believes Bitcoin could reach $1 million by 2030. He stated this in an interview with Fox Business, commenting on the market reaction to the US Federal Reserve's rate cut.
According to Armstrong, the impact of interest rates on the crypto market isn't always clear. While it was previously believed that lower rates correlated positively with the growth of risky assets, Bitcoin is now increasingly perceived as “digital gold”—a means of preserving value in times of uncertainty.
The head of Coinbase emphasized that his forecast is based not on current dynamics, but on long-term trends. Specifically, he highlighted three main arguments in favor of Bitcoin reaching $1 million:
- Regulatory clarity. Armstrong mentioned the Genius Act and the ongoing discussions on market structure legislation. He believes the adoption of these initiatives could be a turning point for the industry.
- State participation. The creation of a US strategic reserve for the first cryptocurrency will be a huge driver of demand, and other G20 countries will likely follow suit, the expert believes.
- ETFs and institutional capital. Coinbase provides custody for 80% of launched Bitcoin ETFs, Armstrong emphasized.
“All of this creates powerful tailwinds for Bitcoin. Its supply is limited—there will never be more than 21 million coins. And many large capital funds still don't have access to it. This means Bitcoin still has a lot of growth potential,” concluded the Coinbase CEO.
As a reminder, Brian Armstrong, CEO of the cryptocurrency exchange Coinbase, previously announced the company's intentions to become a financial super app.
Source: cryptonews.net
