Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Bitcoin and Crypto Market News
Coinbase CEO Brian Armstrong said he believes Bitcoin has hit bottom in this cycle and expects it to show an upward trend in the next 1-2 years and is expected to reach $400,000 by 2030.
Coinbase CEO Brian Armstrong said on September 10 that he believes Bitcoin (BTC) has reached its low in the current cycle and will show an upward trend in the next one to two years. In an interview with CNBC Squawk Box Asia, although the asset was trading for about $77,000 to $78,000 at the time, Armstrong said a BTC price target of $400,000 by 2030 was a "reasonable goal."
Armstrong based his view on the four-year cycle observed in Bitcoin history. He said that the current downturn has lasted for about a year, which is consistent with past cyclical patterns. "I personally think that Bitcoin has bottomed out in the recent cycle." In an interview with CNBC, he cited the fact that the asset rose from about $60,000.
How data views selling pressure
A report released on September 9 by online research firm Glassnode pointed out that as of that day, Bitcoin rose 23% in 21 trading days. During the same period, the S & P 500 index and the Nasdaq 100 index were basically flat. Glassnode also found that selling pressure eased as BTC approached the resistance range of $83,000 to $86,000, and its seven-day seller risk ratio fell to seven basis points per day, down from the 16 basis points recorded at its August peak.
Armstrong also highlighted the growth of Coinbase's broader ecosystem. He said that stablecin payments on Base increased by 700% year-on-year. He cited predictions that the stablecoin market will reach US$3 trillion by 2030, and pointed out that payments, tokenization, forecasting markets and proxy finance are four key areas for Coinbase to move towards 2027.
Reaching $400,000 means that current levels will increase about fivefold in more than three years. At the time of Armstrong's comments, BTC was about 38% below its all-time high of about $126,000. The current downturn coincides with difficult times for Coinbase, which laid off 14% of its workforce and missed its second quarter of 2026 performance due to slowing trading activity.
Related article: Based on Bitcoin bulls 'views, three ways for Bitcoin price to hit US$1 million
Armstrong expects regulatory clarity to arrive within a month
Armstrong told CNBC that based on his conversations in Washington, the U.S. Senate vote on the CLARITY Act scheduled for September 15 may pass. He said law enforcement agencies, banks and cryptocurrency companies generally support the bill. The main point of disagreement is the issue of ethics surrounding the president's family's cryptocurrency business, and negotiations were still ongoing between the White House and Democrats at the time of his interview.
Armstrong said failure to pass the CLARITY Act will not significantly delay regulatory clarity because the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have stated that they intend to use their existing powers to issue rulemaking and innovation exemptions regardless of the outcome of the vote. He expects that clarity will come within a month anyway. He cited last year's GENIUS Act as an example, pointing out that within three months after the bill was passed, more than 150 large companies integrated stablecoins. He said that if the CLARITY Act is passed, it will also open the door to tokenized stocks and perpetual contracts for U.S. customers.
