Crypto news

The cryptocurrency market continues to show volatility, and key industry players are sharing their forecasts. The head of one of the world's largest crypto exchanges, Brian Armstrong, suggested that bitcoin has likely reached its local bottom around the $60,000 mark. However, he rightly notes that there is no absolute certainty yet — too many factors influence price dynamics.

Armstrong emphasizes that he maintains a long position on the leading cryptocurrency, viewing it as "new digital gold." This metaphor is not new, but in the current macroeconomic environment, it carries particular weight. Inflation risks and instability in traditional fiat systems continue to push institutional investors toward safe-haven assets, and bitcoin is gradually filling that niche.

Four-Year Cycle and Long-Term Perspective

According to the analyst, expectations of significantly higher prices by 2030 are based on the historical four-year halving cycle. Each halving of the miner reward has traditionally led to a significant price increase within 12–18 months. The current cycle is no exception: fundamental network metrics, such as hash rate and address activity, remain at high levels, confirming the ecosystem's resilience.

From my perspective, the $60,000 level indeed looks like a psychologically important support zone. However, it is worth considering that the market could retest it if the macroeconomic situation worsens, for example, due to tighter monetary policy from the Fed. Nevertheless, the long-term trend remains bullish, and current corrections should be viewed as opportunities to accumulate positions.

Expert commentary: I agree with Armstrong's assessment: $60,000 is a zone where a strong bottom is forming, but for a full reversal, the market needs a clear trigger, such as approval of spot bitcoin ETFs in the U.S. or a softening of central bank rhetoric. Until then, repeated tests of the level are possible, but fundamentally, the asset remains undervalued with upside potential.