Brian Armstrong: Bitcoin found a bottom near $60,000, and it's only a matter of time
Coinbase CEO Brian Armstrong has once again reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." In a recent post, he stated that he maintains a long position on the asset despite recent market turbulence. In his view, the current situation is a classic repeat of scenarios from past cycles, where short-term fluctuations do not negate the long-term upward trajectory.
The Four-Year Cycle: Is the Bottom Already Here?
Armstrong published a chart titled "Bitcoin's Four-Year Cycles," which clearly demonstrates the alternation of growth and decline phases, each lasting approximately two years, starting from 2011. He placed a question mark in mid-2026, suggesting that we are currently at a point where the market may have already reached its price bottom. He did not draw definitive conclusions but emphasized that the current correction fits perfectly into the historical logic of the asset's movement.
Interestingly, analyst Benjamin Cowen holds a similar view, predicting a likely bottom no earlier than the fourth quarter of 2026. However, other experts note that institutional capital and inflows into spot ETFs have significantly accelerated the usual cycle phases, which could shift the timeline.
Optimism for the Decade Ahead
Armstrong also criticized bearish forecasts at current prices. He pointed to notable growth in stablecoins, prediction markets, and derivatives instruments, even though Bitcoin itself remains under pressure. According to him, the industry has long outgrown the confines of just Bitcoin, but many market participants have yet to notice this.
The Coinbase CEO once again emphasized Bitcoin's fundamental role as a core digital infrastructure. He is confident that by 2030, 10% of the global economy will operate on cryptocurrencies, and the asset's price will be "significantly higher" than current levels. "I'm as optimistic as ever — I think by 2030 the price will be significantly higher, and I still believe in Bitcoin," the businessman concluded.
My view: Armstrong's statement is not just emotional support but a clear signal for institutional investors. The $60,000 level could indeed become a psychological bottom, especially amid growing interest in stablecoins and derivatives. However, one should not forget that macroeconomic uncertainty in the second half of 2026 could adjust this optimistic scenario.