Coinbase CEO stated that Bitcoin has formed a bottom at $60,000: what's next?
Coinbase CEO Brian Armstrong has reaffirmed his long-term faith in Bitcoin, calling it "new digital gold." He stated that he maintains a long position on the asset despite the current market turbulence.
In a recent post, Armstrong noted that investor sentiment, as usual, swings to extremes, and the market is now repeating a scenario familiar from past cycles. In his view, short-term fluctuations do not change Bitcoin's long-term dynamics.
Four-Year Cycles and Market Bottom
Along with his message, the Coinbase chief attached a chart titled "Bitcoin's Four-Year Cycles." It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. A question mark is placed in mid-2026, indicating that the current situation fits the usual pattern and does not contradict the logic of long-term market movement.
Armstrong suggested that Bitcoin may have already found its price bottom around $60,000, but refrained from final conclusions. Debates around the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen, for example, 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.
Armstrong has held this view of Bitcoin cycles before. He has already explained why Bitcoin is important for the U.S. economy, calling the asset not only a trading tool but also a store of value.
On Bitcoin's Prospects and 2030 Forecast
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, even though BTC itself remains under pressure. The industry, in his opinion, has long outgrown the framework of a single 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.
Armstrong's optimism is not limited to price. He is confident that by 2030, 10% of the global economy will operate on cryptocurrencies. The forecast is based on a simple idea: Bitcoin remains the basic digital infrastructure, and short-term price swings do not change that.
"I am, as always, optimistic—I think the price will be significantly higher by 2030, and I still believe in Bitcoin," the businessman emphasized.
Whether the level Armstrong identified will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated notable resonance, indicating close attention from market participants to the opinions of key industry figures.
Expert Opinion: Armstrong's statement is not just optimism but a clear signal that institutional players see the current correction as an entry opportunity. The $60,000 level could become a psychological anchor, but to confirm a reversal, the market needs to consolidate above $70,000 with rising volumes.