Brian Armstrong: Bitcoin found a bottom at $60,000 and is ready for a reversal
Coinbase CEO Brian Armstrong has once again reaffirmed his long-term faith in Bitcoin, calling it "new digital gold." He confirmed that he maintains a long position on the asset despite current market turbulence.
In a post on X, Armstrong noted that investor sentiment, as in past cycles, swings to extremes. In his view, short-term fluctuations do not negate Bitcoin's long-term dynamics. He directly stated that the current situation fits a familiar scenario that the market has experienced before.
Four-Year Cycles: Bottom Reached?
Armstrong published a chart titled "Bitcoin's Four-Year Cycles," showing alternating phases of growth and decline, each lasting approximately two years, starting from 2011. A question mark is placed at mid-2026 on the chart. The analyst suggested that Bitcoin may have already found its price bottom around $60,000, but refrained from drawing final conclusions.
Notably, discussions around the four-year cycle have 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 the influx of institutional capital and funds into spot ETFs has significantly accelerated the usual phases of growth and decline, which could shift traditional timeframes.
Optimism Until 2030
Armstrong also criticized bearish forecasts at Bitcoin's current price. He emphasized that stablecoins, prediction markets, and derivative instruments have grown noticeably in recent months, even though BTC itself remains under pressure. In his view, the industry has long outgrown the confines of Bitcoin alone, but many market participants have yet to see this.
The Coinbase head is confident that by 2030, 10% of the global economy will operate on cryptocurrencies. The basis of this forecast is a simple idea: Bitcoin remains the foundational digital infrastructure, and short-term price swings do not change that. "I'm as optimistic as ever — I think the price will be significantly higher by 2030, and I still believe in Bitcoin," the businessman concluded.
Analyst's comment: Armstrong's statement is not just optimism but a clear signal for the market. The $60,000 level could indeed become a local bottom, especially amid growing institutional interest and infrastructure development. However, investors should remember: even with the most bullish forecast, volatility will remain a companion of Bitcoin, and a long-term bet requires nerves of steel.