Brian Armstrong: Bitcoin has found a bottom around $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 the current market volatility.
In a post on X, Armstrong directly addressed the recent turbulence, noting that investor sentiment, as usual, swings from one extreme to another. In his view, the current scenario is repeating a pattern already well known from past cycles. Short-term fluctuations, he added, do not change expectations for Bitcoin's long-term dynamics.
Bitcoin cycle and views on market bottom
Armstrong attached a chart titled "Four-Year Bitcoin Cycles" to his post. It shows alternating phases of growth and decline since 2011, each lasting roughly two years. A question mark is placed in mid-2026. According to Armstrong, the current situation fits a familiar scenario for 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 drawing final conclusions. Debates around the four-year cycle analysis have 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 held this view of Bitcoin cycles previously. 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.
On Bitcoin's prospects and the 2030 forecast
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, although 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 forecasts: 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 basic 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 highlighted will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated significant resonance. This indicates close attention from market participants to the opinions of key industry figures.
Expert opinion: Armstrong's statement is not just an optimistic view but a clear signal for the market. The $60,000 level indeed looks like a psychologically important support zone, coinciding with key on-chain metrics. However, relying solely on four-year cycles in the context of growing institutional influence would be reckless. The market is changing, and old patterns may fail.