Coinbase CEO claims Bitcoin has reached its bottom: $60,000 is the turning point
Brian Armstrong, CEO of Coinbase, has reaffirmed his unwavering faith in Bitcoin, calling it "new digital gold." In a recent statement, he indicated that he maintains a long position on the asset despite current market turbulence.
Armstrong directly addressed recent volatility, emphasizing that investor sentiment often swings to extremes. In his view, the market is repeating a scenario already familiar from past cycles. Short-term fluctuations, he added, do not change expectations for Bitcoin's long-term trajectory.
Four-Year Cycle and the Bottom Point
The Coinbase head 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 mid-2026. Armstrong believes the current situation fits a 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 definitive conclusions. The debate around the four-year cycle analysis has 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 previously held this view on Bitcoin cycles. 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.
2030 Forecast and Fundamental Role
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 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 the foundational digital infrastructure, and short-term price swings do not change that.
"I am, as always, optimistic — I think the price will be significantly higher by 2030, 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.
Cryptalist Expert Opinion: Armstrong's statement is a strong signal for the market. However, it is important to understand: a bottom at $60,000 does not guarantee an immediate reversal. The four-year cycle could be disrupted by macroeconomic factors, such as Fed policy. Investors should remain calm and focus on long-term fundamentals rather than emotional swings.