Brian Armstrong: Bitcoin has found a bottom around $60,000 — time to turn around
Coinbase CEO Brian Armstrong has once again reaffirmed his long-term faith in Bitcoin, calling it "new digital gold." According to him, he maintains a long position on the asset and is convinced that the current correction is merely a temporary phenomenon within the usual four-year cycle.
In a recent post on X, Armstrong directly addressed the recent market turbulence, noting that investor sentiment, as usual, swings to extremes. In his view, the scenario now repeating is already familiar to everyone from past cycles. Short-term fluctuations do not change expectations for Bitcoin's long-term dynamics.
Armstrong attached a chart titled "Bitcoin's Four-Year Cycles" to his post. It shows alternating phases of growth and decline since 2011, each lasting roughly two years. A question mark is placed at mid-2026. According to Armstrong, 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, but refrained from drawing final conclusions.
Bitcoin Cycles: Debates and New Realities
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. 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 cycles before. 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.
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 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 indicated will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated notable resonance. This indicates close attention from market participants to the opinions of key industry figures.
Expert opinion: Armstrong's statement is a powerful signal for the market. Support from such a major player at the $60,000 level could become a psychological trigger for a reversal. However, it is worth remembering that Bitcoin's cyclicality is not dogma, and institutional pressure can both accelerate and distort familiar phases. Investors should prepare for volatility but not lose sight of the long-term trend.