Brian Armstrong: Bitcoin found a bottom at $60,000 — a reversal is beginning
Coinbase CEO Brian Armstrong has reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." In a recent statement, he said he maintains a long position on the asset, and the current market turbulence is just another chapter in a familiar cycle.
Armstrong directly pointed out that investor sentiment, as often happens, swings to extremes. However, in his view, short-term fluctuations do not change Bitcoin's long-term trajectory in any way. He believes the market is repeating a scenario we have already observed in previous cycles.
Four-Year Cycle: Bottom Reached?
The Coinbase head attached to his post a chart titled "Bitcoin Four-Year Cycles." It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. A question mark is placed in mid-2026 on the chart.
Armstrong suggested that Bitcoin may have already found its price bottom, though he refrained from drawing definitive conclusions. He emphasized that the current drawdown fits entirely within the logic of long-term movement and does not contradict the historical pattern.
It is worth noting that discussions around the four-year cycle have intensified this year. Analyst Benjamin Cowen, for example, holds the view that the pattern is still working and predicts 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 noticeably accelerated the usual phases, compressing them in time.
Looking Ahead: Forecast for 2030
Armstrong also criticized bearish forecasts at Bitcoin's current price. He noted that stablecoins, prediction markets, and derivative instruments have grown significantly in recent months, even though BTC itself remains under pressure. The industry, in his opinion, has long outgrown the confines of just Bitcoin, but many market participants have not yet realized this.
At the same time, he emphasized Bitcoin's fundamental role: "I remain optimistic as always — I think the price will be significantly higher by 2030, and I still believe in Bitcoin." He is confident that by 2030, 10% of the global economy will operate on cryptocurrencies. This forecast is based on a simple idea: Bitcoin remains the basic digital infrastructure, and short-term price swings do not change that.
Expert Comment: Armstrong's statement is not just a signal of support but a clear marker for the market. When a heavyweight like the Coinbase CEO publicly declares that the bottom has been passed, it creates a powerful psychological anchor. However, it is worth remembering that even under an optimistic scenario, volatility will remain high, and the current level of $60,000 must be confirmed by macroeconomic stability in the second half of 2026.