Coinbase CEO Brian Armstrong: Bitcoin is expected to reach $400,000 in 2030
Coinbase CEO Brian Armstrong reiterated in an interview with CNBC's "Asia Open" program on Thursday that he expects Bitcoin to reach $400,000 by 2030. Although Bitcoin is currently trading at about $77,000, he still believes it is a "reasonable target."
Cycle Rules and Bottom Confirmation
He pointed out that Bitcoin's oft-cited four-year cycle usually follows a familiar pattern: first experiencing a period of upswing and mania, followed by a year-long period of downward adjustment. "We have actually just passed the first year of this downturn." He said, adding that after Bitcoin recovered from about $60,000,"I personally believe that the bottom for Bitcoin has been established in this cycle."
Armstrong also mentioned that there is usually a price increase before Bitcoin halving, and the next halving is expected to take place in 18 months. "I think the next year or two will be a good period for Bitcoin." He added.
Regulatory outlook is optimistic, but markets are forecast to be cautious
In contrast, Armstrong is more confident about the policy environment in Washington. He said the Senate is scheduled to vote on the Clarity Act on September 15, and as far as he knows it is ready for approval. Many law enforcement agencies, banks and cryptocurrency companies have supported the bill, and previous objections raised by Coinbase have been resolved.
The only current point of contention is the code of ethics involving the president's family's encryption business. The White House proposed a clause that Armstrong called "unprecedented" and Democrats called for asset divestitures. He said negotiations were actively underway and were close to a solution, describing the discussions as "beyond our remit."
However, users of Myriad, a prediction market owned by Decrypt's parent company Dastan, are not optimistic. They only give a 17% probability that the Clarity Act will be signed into law in 2026.
Industry Impact and Corporate Strategy
Armstrong said even if the bill fails to pass, the impact will not be significant because the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have expressed readiness to issue rulemaking and innovation exemptions under existing powers. In any case, he expects clear guidance within a month.
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 passage of the Clarity Act will also allow U.S. customers to trade tokenized stocks and perpetual contracts.
Coinbase has been preparing for this. In June, the company announced a tokenized stock trading plan that includes automatic dividend features, which contrasts sharply with "some form of derivatives or IOUs" offered by competitors, as well as options on cryptocurrencies and stocks. In May, it became the first U.S. exchange to be allowed to offer cryptocurrency perpetual contracts. Executives describe this ambitious goal as becoming a "universal exchange."

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