Brian Armstrong from Coinbase: $60,000 — a possible "bottom" for Bitcoin, but no guarantees.
Coinbase CEO Brian Armstrong recently suggested that Bitcoin may have reached a local bottom around $60,000. However, he emphasized that there is no 100% certainty in this — the market remains unpredictable.
Armstrong confirmed that he maintains a long position in the leading cryptocurrency, calling Bitcoin "new digital gold." In his view, the asset has fundamental value comparable to precious metals, and its price could significantly rise by 2030. The analyst links this potential to the historical four-year halving cycle, which traditionally fuels bullish trends.
Situation Analysis
The $60,000 level indeed appears psychologically important: it has repeatedly acted as both support and resistance. However, calling it a definitive "bottom" is premature. The market could test lower zones, especially if macroeconomic factors — such as the Federal Reserve's tightening monetary policy — continue to pressure risky assets.
My professional assessment: Armstrong's approach reflects the long-term view of an institutional investor, but retail traders should consider that deep corrections are possible even after the halving. Bitcoin remains volatile, and $60,000 is more of a reference point than a hard boundary.