Brian Armstrong has identified a potential "bottom" for bitcoin at the level of $60,000
Coinbase CEO Brian Armstrong suggested that the current bitcoin bottom could be near the $60,000 mark. At the same time, he emphasized that there is no complete certainty about this, and the market retains a high degree of uncertainty.
Armstrong confirmed that he personally holds a long position in the first cryptocurrency, viewing it as "new digital gold." According to his estimate, by 2030 the asset should show significant growth, which correlates with historical four-year cycles associated with the halving. He noted that fundamental drivers, including institutional adoption and limited supply, continue to support the long-term bullish trend.
My comment as an analyst: Armstrong's statement is not a forecast, but rather a marker of psychological support for the market. $60,000 could indeed become a local bottom zone, but only if the macroeconomic backdrop stabilizes and there are no new shocks, such as regulatory blows or the collapse of major players. Halving cycles work, but their impact may be weakened by market maturity and the influx of institutional capital, which is changing traditional dynamics.