Brian Armstrong: Bitcoin found a bottom at $60,000 and is ready for a reversal
Coinbase CEO Brian Armstrong has once again reaffirmed his unwavering faith in Bitcoin, calling it "new digital gold." In his assessment, the current correction is nothing more than a ripple on the surface of a long-term upward trend, and he maintains a long position on the asset.
In a recent social media post, Armstrong spoke directly about market turbulence, noting that investor sentiment, as often happens, swings from one extreme to another. In his view, the market is repeating a scenario well known from past cycles. Short-term fluctuations, he emphasized, do not in any way negate Bitcoin's long-term dynamics.
The Coinbase head 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 is placed in the middle of 2026 on the chart. Armstrong believes that the current situation fits perfectly into 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 making final conclusions. The debate around the four-year cycle analysis has become particularly heated 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 noticeably accelerated the usual phases of growth and decline, which could shift traditional timeframes.
Armstrong also criticized bearish forecasts for Bitcoin's current price. He pointed to notable growth in stablecoins, prediction markets, and derivative instruments, even though BTC itself remains under pressure. The industry, in his opinion, has long outgrown the framework of a single 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 basis of the forecast is a simple idea: Bitcoin remains the core 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 outlined will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated notable resonance, indicating close attention from market participants to the opinions of key industry figures.
Cryptalist Analysis: Armstrong's statements are a classic example of faith in the cyclical nature of the market. However, I would advise treating such forecasts with caution. The influx of institutional capital and macroeconomic uncertainty could significantly distort the familiar four-year model. A bottom at $60,000 is not a certainty, but merely one possible scenario. Investors should focus on volumes and on-chain data, rather than loud statements from even the most respected industry figures.