Coinbase CEO Brian Armstrong: "Bitcoin may have hit a bottom around $60,000"
Coinbase CEO Brian Armstrong expressed the opinion that Bitcoin has likely found a local "bottom" near the $60,000 mark. However, he emphasizes that there is no complete certainty in this — the market remains volatile, and any correction could rewrite the scenario.
Armstrong confirmed that he maintains a long position in the first cryptocurrency, calling Bitcoin "new digital gold." According to his forecasts, by 2030, the asset's value will be significantly higher than current levels. He considers the four-year halving cycle, which has historically led to sharp price increases after the reduction in issuance, as a key driver.
It is worth noting that $60,000 is not just a psychological level. In technical analysis, this level coincides with a strong support zone, where active buying from institutional investors was previously recorded. If the bottom is indeed formed, the current correction could be the last opportunity for entry before a new bull rally.
My comment: Forecasts from the leadership of major exchanges should always be taken with caution, but Bitcoin's historical cyclicality is a fact. If the 2024 halving repeats the pattern of previous ones, then $60,000 could indeed turn out to be a reversal point. However, do not forget: past results do not guarantee future returns.