Coinbase CEO Brian Armstrong: Bitcoin has hit bottom and is ready for a reversal
Coinbase CEO Brian Armstrong has reaffirmed his long-term faith in Bitcoin, calling it "new digital gold." According to him, he maintains a long position on the asset despite current market turbulence.
In his post on social media platform X, Armstrong directly addressed recent market volatility, noting that investor sentiment often swings to extremes. In his view, the current scenario is repeating a pattern familiar from past cycles. Short-term fluctuations, he added, do not change expectations for Bitcoin's long-term trajectory.
Bitcoin's Four-Year Cycles: Analysis and Current Phase
Armstrong attached a chart titled "Bitcoin's Four-Year Cycles" to his post. It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. A question mark is placed at mid-2026 on the chart. According to the Coinbase CEO, the current situation fits a familiar scenario for investors and does not contradict the logic of long-term market movement.
He suggested that Bitcoin may have already found its price bottom, but refrained from making definitive conclusions. Debates around the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen believes the pattern is still working and expects a likely bottom no earlier than the fourth quarter of 2026. Others note that institutional capital and inflows into spot ETFs have noticeably accelerated the usual phases of growth and decline.
Armstrong has held this view of Bitcoin's cycles before. He has previously explained why Bitcoin is important for the U.S. economy, calling the asset not only a trading tool but also a store of value.
On Bitcoin's Prospects and the 2030 Forecast
Armstrong also criticized bearish forecasts for Bitcoin's current price. According to him, stablecoins, prediction markets, and derivative instruments have grown significantly in recent months, even though BTC itself remains under pressure. The industry, in his opinion, has long outgrown the scope of just Bitcoin, but many market participants have not yet noticed this.
At the same time, he emphasized Bitcoin's fundamental role. The current drawdown, Armstrong believes, is just one of many cycles, and the asset's significance remains unchanged. This aligns with his long-standing predictions: sooner or later, Bitcoin will be worth millions of dollars.
Armstrong's optimism is not limited to price. He is confident that by 2030, 10% of the global economy will operate on cryptocurrencies. The forecast is based on a simple idea: Bitcoin remains the foundational digital infrastructure, and short-term price swings do not change that.
"I remain as optimistic as ever — I think the price will be significantly higher by 2030, and I still believe in Bitcoin," the businessman emphasized.
Whether the level Armstrong indicated will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated significant resonance. This indicates close attention from market participants to the opinions of key industry figures.
Comment from Cryptalist analyst: Armstrong's statement is a powerful signal for the market. He is not just holding a position but also publicly identifying a bottom. However, it is worth remembering: the Coinbase CEO is an interested party, and his optimism may be part of a strategy to maintain trust in the platform. For investors, this is a reason to reassess risks once again, but not to blindly follow the forecast.