Brian Armstrong: Bitcoin found a bottom around $60,000 and is ready for a reversal
Coinbase CEO Brian Armstrong has reaffirmed his bullish stance on Bitcoin, calling it "new digital gold." According to his statement, he maintains a long position on the asset and believes the current correction has already reached a local bottom near the $60,000 mark.
In his recent address, Armstrong directly commented on the current market turbulence, noting that investor sentiment traditionally swings to extremes. In his view, the scenario now is repeating one already well-known from previous cycles. Short-term fluctuations, he added, do not change expectations for Bitcoin's long-term dynamics.
Four-Year Cycle: History Repeats Itself
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 in mid-2026 on the chart — exactly where, according to the Coinbase CEO, the current situation fits. This does not contradict the logic of long-term market movement.
He suggested that Bitcoin may have already found its price bottom, but refrained from final conclusions. Debates around the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen believes the pattern still works and expects a likely bottom no earlier than the fourth quarter of 2026. Others note that institutional capital and inflows into spot ETFs have significantly accelerated the usual phases of growth and decline.
Armstrong has held this view of Bitcoin's cycles previously. He has already explained why Bitcoin is important for the U.S. economy, calling the asset not only a trading tool but also a store of value.
Bitcoin Prospects and 2030 Forecast
Armstrong also criticized bearish forecasts for Bitcoin's current price. According to him, stablecoins, prediction markets, and derivative instruments have grown noticeably in recent months, although BTC itself remains under pressure. The industry, in his opinion, has long outgrown the framework 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 basic digital infrastructure, and short-term price swings do not negate this.
"I remain optimistic as always — I think the price will be significantly higher by 2030, and I still believe in Bitcoin," the businessman emphasized.
Whether the level Armstrong identified will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated notable resonance, indicating close attention from market participants to the opinions of key industry figures.
Expert opinion: Armstrong's statements are not just emotional support but a clear signal for institutional players. The $60,000 level indeed looks like an accumulation zone, but to confirm a reversal, the market will need to consolidate above $68,000. For now, investors should closely monitor stablecoin dynamics — they are currently the main indicator of hidden demand.