Armstrong from Coinbase sees Bitcoin's "bottom" at $60,000 and confirms a long position
Coinbase CEO Brian Armstrong has expressed the opinion that Bitcoin has likely already reached a local bottom around $60,000. He emphasized that there is no complete certainty about this, but the current market dynamics allow for such a conclusion.
Armstrong confirmed that he maintains a long position in the asset. According to him, Bitcoin is increasingly establishing itself as "new digital gold," and by 2030, he expects significantly higher prices. This forecast is based on the historical four-year halving cycle, which traditionally has a powerful impact on the value of the first cryptocurrency.
From my perspective, the $60,000 mark appears to be a psychologically important support level, especially after the recent correction. However, investors should remember that market cycles are rarely linear, and volatility remains a key characteristic of Bitcoin. If the macroeconomic situation does not bring any surprises, the $60,000–$65,000 zone could indeed serve as a foundation for a new upward movement.