Coinbase CEO: BTC has found a bottom at $60,000 — a reversal is beginning
Coinbase CEO Brian Armstrong has once again reaffirmed his long-term belief in Bitcoin, calling it "new digital gold." According to him, he maintains a long position on the asset despite the current market turbulence.
In a recent post, Armstrong noted that investor sentiment, as often happens, swings to extremes. He believes the market is currently repeating a scenario already familiar from previous cycles. Short-term fluctuations, in his opinion, do not change Bitcoin's long-term dynamics.
Four-Year Cycle and Turning Point
Armstrong attached a chart titled "Bitcoin's Four-Year Cycles" to his post. It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. He placed a question mark in mid-2026, suggesting that the current situation fits this familiar scenario and does not contradict the logic of long-term market movement.
Armstrong suggested that Bitcoin has likely already reached its price bottom around $60,000, but refrained from drawing final conclusions. He emphasized that the current drawdown is just one of many cycles, and the asset's significance remains unchanged.
Debates around the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen believes the pattern is still working and expects a likely bottom no earlier than the fourth quarter of 2026. Other experts note that institutional capital and inflows into spot ETFs have significantly accelerated the usual phases of growth and decline, which could shift the familiar timing.
Armstrong himself has long held this view on Bitcoin cycles. He has repeatedly explained why the asset is important for the U.S. economy, calling it not just a trading tool but also a store of value.
2030 Forecast and BTC's Fundamental Role
Armstrong also criticized bearish forecasts for Bitcoin's current price. According to him, stablecoins, prediction markets, and derivative instruments have grown noticeably in recent months, although BTC itself remains under pressure. The industry, in his opinion, has long outgrown the framework of just Bitcoin, but many market participants have not yet noticed this.
At the same time, he emphasized Bitcoin's fundamental role. The current drawdown, Armstrong believes, 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 am, as always, optimistic — I think by 2030 the price will be significantly higher, and I still believe in Bitcoin," the businessman emphasized.
Whether the level Armstrong indicated will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated noticeable resonance, indicating close attention from market participants to the opinions of key industry figures.
Cryptalist Analysis: Armstrong's statement is not just a bullish signal but a confirmation that major players see $60,000 as an accumulation zone. However, investors should remember: the four-year cycle is not a dogma but merely a pattern. In conditions where institutions are changing the market structure, the bottom could either already be past or somewhat delayed. The key question is whether BTC can hold above $60,000 until the end of 2026.