Coinbase CEO states: Bitcoin has found a bottom at $60,000 — a reversal is beginning
Brian Armstrong, the head of one of the world's largest cryptocurrency exchanges, has once again reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." In a recent statement, he pointed out that the current market turbulence is just another chapter in the asset's long-term story, and he remains long.
Four-Year Cycle: History Repeats Itself
Armstrong published a chart titled "Bitcoin Four-Year Cycles," which clearly demonstrates the alternating phases of growth and decline observed since 2011. Each such cycle lasts approximately two years. In his view, the current situation perfectly fits this familiar scenario and does not contradict the logic of long-term market movement. He directly suggested that Bitcoin has likely already found its price bottom around $60,000, though he refrained from making definitive final conclusions.
This statement comes amid heated debates among analysts about the persistence of the four-year cycle. Some experts, such as Benjamin Cowen, insist that the pattern is still working and expect a possible bottom no earlier than the fourth quarter of 2026. Others note that the influx of institutional capital and funds into spot ETFs has significantly accelerated the usual phases, compressing the timeframes.
Fundamental Role and 2030 Forecast
Armstrong also criticized the bearish sentiment surrounding the current BTC price. He pointed to the notable growth of stablecoins, prediction markets, and derivatives — the industry, he said, has long outgrown the confines of just Bitcoin, although many market participants have yet to realize this.
"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. He is convinced that by 2030, 10% of the global economy will operate on cryptocurrencies, and Bitcoin will remain the foundational digital infrastructure, despite short-term price fluctuations. In his opinion, the current drawdown is just one of many cycles, and the asset's significance remains unchanged.
My expert analysis: Armstrong's statements are a powerful signal for the market, but they should not be taken as a guarantee of immediate growth. The $60,000 bottom is more of a psychological and technical level that the market will test. Institutional interest is indeed changing the dynamics, but macroeconomic uncertainty remains a key factor. Investors should be prepared for volatility, but the long-term trend set by figures like Armstrong remains bullish.