The head of Coinbase states a Bitcoin reversal: the bottom was passed at the $60,000 mark
Brian Armstrong, the head of one of the world's largest cryptocurrency exchanges, has once again reaffirmed his unwavering faith in Bitcoin, calling it "new digital gold." In a recent statement, he indicated that the current correction is merely another chapter in the long-term bullish scenario, and he maintains a long position on the asset.
Armstrong directly addressed the recent market turbulence, noting that investor sentiment, as often happens, swings from one extreme to another. In his view, the scenario now repeating itself is already familiar to everyone from past cycles. Short-term fluctuations, he added, do not change expectations for Bitcoin's long-term dynamics.
The Four-Year Cycle and the Turning Point
In his post, the Coinbase CEO attached a chart titled "Bitcoin Four-Year Cycles." It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. A question mark is placed in mid-2026. According to Armstrong, the current situation fits perfectly into the scenario familiar to investors and does not contradict the logic of the market's long-term movement.
He suggested that Bitcoin may have already found its price bottom around the $60,000 mark, but refrained from making definitive conclusions. Debates surrounding the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen, for example, 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 significantly accelerated the usual phases of growth and decline.
Armstrong has previously held this view on Bitcoin cycles. 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 Forecast for 2030
The Coinbase CEO 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 confines of a single Bitcoin, but many market participants have yet to see 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 forecasts: 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 am, as always, optimistic — I think by 2030 the price will be significantly higher, 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 significant resonance, indicating the close attention market participants pay to the opinions of key industry figures.
Expert opinion: Armstrong's statement is a powerful signal for the market, especially amid current uncertainty. If the bottom is indeed confirmed at the $60,000 level, it will become a key support level for the entire bullish cycle. However, investors should remember that fundamental factors, such as institutional demand and macroeconomics, now play no less a role than classic halving cycles.