Coinbase CEO Brian Armstrong: Bitcoin has found a bottom near $60,000 and is ready for a reversal
Coinbase CEO Brian Armstrong has once again reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." In a recent statement, he said he maintains a long position on the asset despite the current market turbulence.
Armstrong drew a direct parallel with previous market cycles, noting that the current volatility is merely a temporary phenomenon that does not change Bitcoin's long-term trajectory. In his view, the market is repeating a scenario we have seen before: short-term fluctuations give way to steady growth.
The Four-Year Cycle and Bottom Signals
The key argument for optimism was the "Bitcoin Four-Year Cycles" chart published by the Coinbase head. It clearly shows alternating phases of growth and decline, each lasting approximately two years, starting from 2011. Notably, at the mid-2026 mark, the chart features a question mark, indicating a potential reversal zone.
Armstrong directly suggested that Bitcoin may have already reached its price bottom near the $60,000 mark. However, he refrained from making categorical statements, emphasizing that the current situation fully fits the logic of long-term market movement. This statement resonates particularly strongly amid discussions about the four-year cycle, where analyst Benjamin Cowen predicts a possible bottom no earlier than the fourth quarter of 2026. Other experts, in turn, note that institutional capital and inflows into spot ETFs could have significantly accelerated the usual cycle phases.
Long-Term View: Millions of Dollars per Bitcoin
Armstrong also criticized current bearish forecasts, pointing to notable growth in stablecoins, prediction markets, and derivatives, while BTC itself remains under pressure. In his opinion, the industry has long outgrown the confines of a single Bitcoin, but many market participants have yet to realize this.
Despite this, he emphasized Bitcoin's fundamental role as a core digital infrastructure. The current drawdown, he said, 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.
"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 $60,000 level holds will become clear as the macroeconomic situation unfolds in the second half of 2026. Armstrong's post has generated notable resonance, indicating close attention from market participants to the opinions of key industry figures.
Cryptalist Analytical Commentary: Armstrong's statement is not just emotional support but a clear signal for institutional players. The $60,000 level indeed looks like an accumulation zone, but a confident breakout above the resistance near $72,000 is needed to confirm a reversal. While the market remains in a consolidation phase, long-term holders can use current drawdowns to build up positions.