Brian Armstrong: Bitcoin found a local bottom at $60,000 and is ready for a reversal
The Bitcoin market has once again become the center of attention after Coinbase CEO Brian Armstrong made a confident statement: in his opinion, the leading cryptocurrency has already reached a price bottom around $60,000 and is ready for a reversal. Armstrong once again reaffirmed his long-term bullish stance, calling Bitcoin "new digital gold" and stating that he maintains a long position on the asset.
In his post on platform X, the Coinbase head directly pointed out that the current market turbulence is merely a repetition of a familiar scenario that the market has experienced in previous cycles. According to him, short-term fluctuations do not change Bitcoin's long-term dynamics, and investor sentiment, as usual, swings to extremes.
Four-Year Cycle and the Turning Point
Armstrong's key argument was a chart titled "Bitcoin Four-Year Cycles." It clearly shows alternating phases of growth and decline, starting from 2011, each lasting approximately two years. A question mark is placed in mid-2026 on the chart — exactly where, according to the Coinbase CEO, the current trend break point lies.
Armstrong suggested that Bitcoin may have already found its price bottom, but refrained from making final conclusions. At the same time, he emphasized that the current situation fully fits the logic of long-term market movement and does not contradict historical patterns.
Interestingly, the debate around the four-year cycle has intensified this year. Analyst Benjamin Cowen, for example, insists that the pattern is still working, but the bottom will likely not be reached before the fourth quarter of 2026. Other experts note that the influx of institutional capital and funds into spot ETFs have significantly accelerated the usual phases of growth and decline, which could disrupt the classic cyclicality.
Optimism for 2030 and Fundamental Value
Armstrong also criticized bearish forecasts for Bitcoin's current price. He pointed out that in recent months, stablecoins, prediction markets, and derivative instruments have grown noticeably, even though BTC itself remains under pressure. In his view, the industry has long outgrown the confines of just Bitcoin, but many market participants have yet to see this.
The Coinbase head emphasized Bitcoin's fundamental role as a core digital infrastructure. He believes the current drawdown 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.
"I remain optimistic as always — I think the price will be significantly higher by 2030, and I still believe in Bitcoin," the businessman summarized.
Armstrong is also confident that by 2030, 10% of the global economy will operate on cryptocurrencies. The basis of this forecast is a simple idea: short-term price swings do not negate the long-term trend.
Expert opinion: Armstrong's statement is not just emotional support but a clear signal to the market. The $60,000 level indeed looks like a strong support zone, where historical trend lines and accumulation volumes intersect. However, it is worth remembering that the Coinbase CEO is a figure with a vested interest in market growth, and his optimism may be part of a marketing strategy. Nevertheless, if the four-year cycle truly retains its strength, the second half of 2026 could become an entry point for long-term investors. The main question is whether the macroeconomic situation will play along with this scenario in time.