Brian Armstrong: Bitcoin found a bottom at $60,000 and is ready for a reversal
Coinbase CEO Brian Armstrong has once again reaffirmed his long-term faith in Bitcoin, calling it "new digital gold." In a recent statement, he emphasized that he maintains a long position on the asset despite current market turbulence.
Armstrong directly pointed out that investor sentiment often swings to extremes, and we are currently witnessing a scenario well-known from previous cycles. In his view, short-term fluctuations do not change expectations for Bitcoin's long-term dynamics.
Four-Year Cycles and a Bottom Signal
Along with his post, the Coinbase head attached a chart titled "Bitcoin Four-Year Cycles." It clearly shows alternating phases of growth and decline, repeating since 2011—each lasting approximately two years. A question mark is placed on the chart for mid-2026. Armstrong suggests that the current situation fits entirely within the logic familiar to investors and does not contradict the long-term market movement.
He admitted that Bitcoin may have already found its price bottom, but refrained from drawing definitive conclusions. The debate around the four-year cycle analysis has 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. Other experts note that institutional capital and inflows into spot ETFs have noticeably accelerated the usual phases of growth and decline.
Armstrong himself has held this view on 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.
2030 Forecast and Criticism of Bears
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, even though BTC itself remains under pressure. In his opinion, the industry has long outgrown the framework of just Bitcoin, but many market participants have yet to see this.
At the same time, he emphasized Bitcoin's fundamental role. The current drawdown 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 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 notable resonance. This speaks to the close attention market participants pay to the opinions of key industry figures.
My expert view: Armstrong's statement is not just optimism but a clear signal for institutional players. He is deliberately shifting the focus from short-term panics to long-term cyclicality. If the bottom was indeed passed at $60,000, then the current level is an accumulation zone ahead of the next bull cycle. However, investors should remember: even within the four-year cycle, deep corrections are possible, and 2026 may hold surprises.