Coinbase CEO: Bitcoin has found a bottom around $60,000 — a reversal is beginning
Coinbase CEO Brian Armstrong has reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." He stated that he maintains a long position on the asset despite current market turbulence. According to him, investor sentiment, as often happens, swings to extremes, and today we are witnessing a repeat of a scenario well known from past cycles.
Armstrong directly indicated that short-term fluctuations do not change his expectations regarding Bitcoin's long-term dynamics. He published a chart titled "Bitcoin's Four-Year Cycles," which marks alternating phases of growth and decline lasting approximately two years each, starting from 2011. In mid-2026, the chart features a question mark, highlighting uncertainty but not contradicting the overall logic of long-term movement.
Analysis of the Four-Year Cycle and Possible Bottom
Armstrong suggested that Bitcoin may have already reached its price bottom but refrained from making definitive conclusions. Notably, his view on cycles echoes the position of analyst Benjamin Cowen, who also believes that the four-year cycle pattern continues to work and expects a likely bottom no earlier than the fourth quarter of 2026. However, there is another perspective: a number of experts note that institutional capital and inflows into spot ETFs have significantly accelerated the usual phases of growth and decline, which could alter traditional cyclicality.
Looking Ahead: Forecast for 2030
Armstrong also criticized bearish forecasts at Bitcoin's current price. He emphasized that over the past few 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 not yet realized this.
At the same time, he highlighted Bitcoin's fundamental role. 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. Armstrong's optimism is not limited to price. He is confident that by 2030, 10% of the global economy will operate on cryptocurrencies. At the core of this forecast is a simple idea: Bitcoin remains the basic digital infrastructure, and short-term price swings do not change that.
Expert comment from Cryptalist: Armstrong's statement is not just an optimistic forecast but a clear signal for the market. The $60,000 level indeed looks like a strong support zone, but the key factor for confirming a reversal will be the macroeconomic situation in the second half of 2026. For now, we are seeing a classic battle between "bulls" and "bears" at historically significant levels.