Armstrong from Coinbase called $60,000 a likely "bottom" for Bitcoin
The head of one of the world's largest crypto exchanges, Coinbase, Brian Armstrong, suggested that Bitcoin has likely already reached its local bottom around $60,000. However, he emphasized that there is no complete certainty about this — the market remains extremely volatile and susceptible to external shocks.
Armstrong confirmed that he himself holds a long position on the first cryptocurrency, viewing Bitcoin as "new digital gold." According to his estimate, by 2030 the asset should show significantly higher price levels. He links this forecast to the historical pattern of four-year halving cycles, which traditionally trigger bullish phases.
From my perspective, Armstrong's statement is not just market optimism, but a signal from someone who sees real institutional demand. The $60,000 level could indeed become psychological support, especially against the backdrop of reduced pressure from miners after the April halving. However, I would advise not to perceive this as a hard "bottom" — macroeconomic factors, such as the Federal Reserve's monetary policy, could easily shift this threshold. In the long term, I share his view: Bitcoin is an asset that will be revalued by the market upward, but short-term corrections are inevitable.