Coinbase CEO stated that Bitcoin's day at $60,000: has a new cycle begun?
Coinbase CEO Brian Armstrong has once again reaffirmed his unwavering faith in Bitcoin, calling it "new digital gold." In a recent statement, he indicated that he maintains a long position on the asset and considers the current correction a natural phase within a long-term trend.
Armstrong directly addressed the recent market turbulence, noting that investor sentiment, as often happens, swings to extremes. In his view, the scenario now repeating is already familiar to everyone from past cycles. Short-term fluctuations, he added, do not in any way change expectations for Bitcoin's long-term dynamics.
Bitcoin cycle and market bottom opinion
Armstrong attached a chart titled "Four-Year Bitcoin 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 at mid-2026. According to the Coinbase head, the current situation fits the scenario familiar to investors and does not contradict the logic of long-term market movement.
He suggested that Bitcoin may have already found its price bottom around $60,000, but refrained from making final conclusions. Debates around the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen insists that the pattern still works 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 disrupt the classic cyclicality.
On Bitcoin's 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, even though BTC itself remains under pressure. The industry, in his view, 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 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'm as optimistic as ever—I think the price will be significantly higher by 2030, and I still believe in Bitcoin," the businessman emphasized.
Cryptalist Analysis: Armstrong's statement is a powerful signal for the market, especially in moments of panic. However, it's worth remembering that a bottom is not a point but a process. Until we see a sustained recovery in volume and a confident breakout of key resistance levels, it is premature to talk about the end of the correction. Nevertheless, a long-term view of Bitcoin as a safe-haven asset remains the most rational strategy.