Coinbase CEO: Bitcoin has found a bottom around $60,000 and is ready for a reversal
Brian Armstrong, CEO of Coinbase, has once again reaffirmed his long-term belief in Bitcoin, calling it "new digital gold." He emphasized that he maintains a long position on the asset despite current market turbulence.
In a recent post on X, Armstrong directly addressed volatility, noting that investor sentiment traditionally swings from one extreme to another. In his view, the market is currently repeating a scenario well-known from previous cycles. Short-term fluctuations, he added, do not change his expectations for the long-term trajectory of the leading cryptocurrency.
The Four-Year Cycle and Turning Point
Armstrong attached a chart titled "Bitcoin's Four-Year 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 in the middle of 2026 on the chart. According to the Coinbase CEO, the current situation fits perfectly into the cyclical pattern 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, but refrained from making definitive conclusions. The debate around the four-year cycle analysis has 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. Other experts note that institutional capital and inflows into spot ETFs have significantly accelerated the usual phases, compressing the timeframes.
Armstrong has previously held this view on Bitcoin cycles. He has repeatedly explained why Bitcoin is important for the U.S. economy, calling the asset not just a trading tool but also a store of value.
2030 Forecast and Bearish Sentiments
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 framework of just one 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 a 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.
Whether the level Armstrong identified will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post generated significant resonance, indicating close attention from market participants to the opinions of key industry figures.
Expert Opinion: Armstrong's statements are not just optimism, but a clear adherence to a time-tested cyclical model. The current correction looks painful, but historically, such phases have been the best entry points for long-term investors. The only question is whether the market has the patience to wait for the next bullish impulse.