Coinbase's Brian Armstrong: $60,000 is a possible "bottom" for Bitcoin, but there are no guarantees
Coinbase CEO Brian Armstrong expressed the opinion that Bitcoin has likely already reached a local bottom around $60,000. However, he emphasized that there is no complete certainty in this, and the market remains unpredictable.
Armstrong confirmed that he maintains a long position on the asset, calling Bitcoin "new digital gold." According to his estimate, by 2030 the first cryptocurrency could significantly increase in price, and he links this forecast to the historical four-year halving cycle.
Situation Analysis
Armstrong's statement is not just a market forecast, but a signal for institutional investors. The $60,000 level indeed looks psychologically important: it coincides with the consolidation zone after the 2024 correction. However, it is worth considering that the "bottom" may not be a single point but a range, and volatility will persist in the coming weeks.
From my expert perspective, the link to the halving is a classic narrative that has worked multiple times before, but each new cycle introduces adjustments. If Bitcoin holds above $60,000 amid macroeconomic instability, it will confirm its status as a safe-haven asset. But I would not rule out a retest of this level — the market likes to test "false" lows.