Coinbase CEO: Bitcoin has found a bottom at $60,000 and is ready for a reversal
Brian Armstrong, the permanent CEO of Coinbase, has once again declared his unwavering belief in Bitcoin, calling it the "new digital gold." According to him, he maintains a long position on the asset despite the current market turbulence.
In his recent address, Armstrong spoke directly about the recent volatility, noting that investor sentiment, as usual, swings from one extreme to another. In his view, the market is currently replaying a scenario well known from past cycles. Short-term fluctuations, he added, do not in any way change his expectations for Bitcoin's long-term trajectory.
The Four-Year Cycle: A Test of Time
Armstrong attached to his post 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 stands at mid-2026. In the Coinbase CEO's conviction, the current situation fits perfectly into the familiar scenario for 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 around $60,000, but refrained from drawing final conclusions. It is worth noting that debates around the four-year cycle analysis have only 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 point out that institutional capital and inflows into spot ETFs have noticeably accelerated the usual phases of growth and decline, shifting the customary timing.
Armstrong is consistent in his view of Bitcoin cycles. He has previously explained why Bitcoin is important for the U.S. economy, calling the asset not just a trading tool but also a store of value.
Looking to 2030 and Criticism of the Bears
The Coinbase CEO 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 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 basis of the forecast is 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.
Whether the $60,000 level outlined by Armstrong will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated significant resonance, indicating the close attention market participants pay to the opinions of key industry figures.
Cryptalist Analysis: Armstrong's statement is not just emotional support but a clear signal from one of the most influential players in the industry. His linking of the bottom to $60,000 and his appeal to the four-year cycle is a powerful narrative for retail investors. However, I would advise caution: institutional flows are indeed changing the market structure, and fully copying past cycles could be a mistake. Mid-2026 is too vague a reference point for specific trading decisions.