The CEO of Coinbase has shared a bullish long-term target for Bitcoin, predicting the cryptocurrency’s price could be worth a million dollars in the coming years.
Summary
- Coinbase CEO Brian Armstrong is bullish on Bitcoin’s long-term potential.
- Armstrong points to regulatory developments, including the GENIUS Stablecoin Act, as evidence of increasing market clarity.
- Other industry figures, including Michael Saylor and Cathie Wood, also project Bitcoin reaching $1 million or more by 2030.
Speaking on the Cheeky Pint podcast recently, Coinbase CEO Brian Armstrong expressed his belief in Bitcoin’s (BTC) long-term potential to reach the $1 million price point by 2030.
“The rough idea I have in my head is that we will see a million-dollar Bitcoin by 2030,” he said, responding to host John Collison’s question about his price expectations.
Armstrong pointed to shifting regulatory scenes and growing institutional demand as key drivers of his predictions. He noted that the recent passage of pro-crypto legislation, including the GENIUS Stablecoin Act and other key market structure bills under review in Congress, signals growing clarity for the industry, a reality that was once seemed a distant dream.
“We’re starting to see regulatory clarity emerge in the U.S senate,” he added. The CEO also pointed to the adoption of a Bitcoin reserve by the U.S, as well as the broader trend among several governments globally. He stressed that these developments mark a new milestone, removing uncertainties that once clouded the industry’s long-term outlook.
Growing institutional demand from corporate entities and exchange-traded funds is another key driver of his forecast. With the success of Bitcoin ETFs and traditional financial institutions now betting on the asset, Armstrong added that these channels have become a gateway for mainstream investors, and continued inflows of capital are expected to push prices higher.
Coinbase CEO’s BTC price target aligns with other bullish calls
Armstrong is not alone in making long-term calls for Bitcoin. Other industry figures, including Strategy’s Michael Saylor, have made similar projections. Earlier in June, Saylor cited rising institutional demand and limited supply as catalysts for BTC climbing to the $1 million mark.
Cathie Wood of ARK Invest has set an even higher price target of $1.5 million for BTC by 2030, exceeding Coinbase CEO Armstrong’s forecast. These predictions share common ground, with expectations that Bitcoin adoption will continue to grow, solidifying its role as a global store of value.
Meanwhile, Bitcoin has traded sideways over the past week. Since failing to sustain the rally that pushed it to a new all-time high above $124,000, the asset has struggled to maintain momentum. At the time of writing, BTC sits just under $113,368 according to market data from crypto.news, down 0.29% on the day and roughly 6.8% over the past seven days.
