Brian Armstrong: The $60,000 level could be a local bottom for Bitcoin
Coinbase CEO Brian Armstrong suggested that Bitcoin has likely reached its local bottom near the $60,000 mark. However, he emphasized that there is no 100% certainty — the market remains volatile, and any forecasts carry risk.
Armstrong, known for his consistent pro-cryptocurrency stance, confirmed that he maintains a long position in Bitcoin. He views the first cryptocurrency as "new digital gold" — an asset capable of serving as a reliable store of value in the long term. According to his estimates, by 2030, Bitcoin could show significant growth, which he links to the historical four-year halving cycle.
Situation Analysis
Armstrong's statement reflects the general sentiment among institutional investors who see Bitcoin as a protective asset comparable to gold. The $60,000 level indeed acts as an important psychological and technical support: it has been repeatedly tested in previous months and has held so far. However, I would note that without a confident consolidation above $65,000–$68,000, it is premature to talk about a full trend reversal.
From a cyclical perspective, the 2024 halving has already laid the foundation for a potential bull rally in 2025–2026. Nevertheless, macroeconomic uncertainty — especially the Fed's policy and global liquidity — could adjust this scenario. I recommend that investors maintain diversification and not rely solely on a single support level.