Coinbase Head: Bitcoin has found a bottom near $60,000 — a reversal is beginning
The head of the leading crypto exchange Coinbase, Brian Armstrong, has once again reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." In a recent statement, he indicated that the current correction does not change the long-term bullish outlook, and he continues to hold a long position on the asset.
Armstrong directly addressed the recent market turbulence, noting that investor sentiment, as often happens, swings to extremes. In his view, a scenario well-known from past cycles is repeating itself. Short-term fluctuations, he added, do not negate expectations for Bitcoin's long-term trajectory.
The Four-Year Cycle and the Turning Point
Along with his post, the Coinbase CEO attached a chart titled "Bitcoin's Four-Year Cycles." It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. A question mark is placed on the chart for mid-2026, indicating a potential turning zone. Armstrong suggests that Bitcoin may have already found its price bottom near the $60,000 mark, but refrained from drawing final conclusions.
Interestingly, 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. Other experts note that institutional capital and inflows into spot ETFs have significantly accelerated the usual phases of growth and decline, which could shift the traditional timeframes.
Armstrong has held this view on Bitcoin 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.
Looking Ahead: Forecast Until 2030
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. The industry, in his opinion, has long outgrown the confines 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, 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.
Expert opinion: Armstrong's statements are not just emotional support but a clear signal for institutional investors. Given that the head of the largest exchange holds a personal long position, the market perceives this as a strong fundamental anchor. However, it is worth remembering that macroeconomic uncertainty and regulatory risks have not disappeared, and $60,000 is merely the first line of defense, not a guaranteed turning point.