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Armstrong said Bitcoin's bottom has reached, and it is expected to hit $400,000 in 2030

2026-09-11 03:16:44
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Coinbase CEO predicts: Bitcoin is expected to exceed US$400,000 by 2030

Coinbase CEO Brian Armstrong said that Bitcoin (BTC) may rise more than fivefold to US$400,000 by 2030. He believes that the bottom of the market has been established before the upcoming halving cycle.

Summary of Core Views

Armstrong still believes that reaching $400,000 by 2030 is a "reasonable goal" for Bitcoin. He believes that after about a year of decline, the latest Bitcoin downturn has bottomed out. In addition, Armstrong expects the United States to introduce clearer cryptocurrency regulatory policies in about a month.

Argument for the $400,000 target

Armstrong said in an interview with CNBC on Thursday that although Bitcoin transactions were close to $77,000 at the time, he still insisted that $400,000 was a "reasonable target." This means that in a little more than three years, the cryptocurrency will need to rise more than fivefold.

He attributed this forecast in part to Bitcoin's quadrennial market cycle, noting that the current decline duration is roughly the same as previous downturns. "I personally believe that a bottom for Bitcoin has formed in the latest cycle," Armstrong said, noting that the asset has rebounded from a level of about $60,000. He also pointed to the next Bitcoin halving event, which is expected to take place in about 18 months, and said the next year or two could be a favorable period for the asset.

Regulatory Outlook

Armstrong also predicts that whether Congress passes the Clarity Act or regulators act under existing powers, U.S. cryptocurrency rules will become clearer within a month. The Senate is scheduled to vote on the bill on September 15, and Armstrong said people he has contacted in Washington believe the bill is "ready for a yes vote."

However, the forecast market Myriad lacks confidence in this, and sets the probability that the Clarification Act will become law in 2026 at 17%. Armstrong pointed out that the remaining controversy centers on the president's family's code of ethics for the crypto business, with lawmakers still negotiating terms.

He said that even if Congress fails to pass the relevant bill, it will not necessarily hinder the introduction of new rules, because the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have said they can act under existing powers. Citing last year's Genius Act as a precedent, Armstrong said that within three months of the bill's passage, more than 150 large companies integrated stablecoins. He also said clearer rules would help provide products such as tokenized stocks and perpetual contracts to U.S. customers, and Coinbase is already preparing to provide these products.

Background and Challenges

This $400,000 forecast comes after a difficult year for Bitcoin and Coinbase. During the downturn, Coinbase cut 14% of its employees, and second-quarter revenue fell 14% from the previous quarter to $1.22 billion, as the company reported a net loss of $359 million.

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