Brian Armstrong: Bitcoin found its bottom at $60,000 — a reversal is beginning
The market is once again hearing the voice of one of the most influential players in the industry. Coinbase CEO Brian Armstrong has issued a clear signal: in his opinion, Bitcoin has already formed a local bottom around $60,000 and is ready for a reversal. In a recent statement, he confirmed that he maintains a long position on the asset, calling it the "new digital gold."
Armstrong directly pointed out that the current turbulence is not a deviation from the norm, but part of a familiar scenario that the market has cyclically experienced for many years. Short-term fluctuations, he said, do not change Bitcoin's long-term dynamics. Investors who give in to emotions are again swinging to extremes, but this only confirms that we are in another phase of the four-year cycle.
Four-Year Cycles and the Turning Point
To support his words, Armstrong published a chart titled "Bitcoin's Four-Year Cycles," which clearly shows alternating phases of growth and decline starting from 2011. Each phase lasts approximately two years. He placed a question mark in mid-2026, but made it clear that the current situation fits perfectly within the logic of the market's long-term movement.
He suggested that Bitcoin may have already reached its price bottom, but refrained from making categorical conclusions. Debates around the analysis of four-year cycles 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.
Bitcoin as Fundamental Infrastructure
Armstrong also criticized bearish forecasts regarding Bitcoin's current price. He emphasized that stablecoins, prediction markets, and derivative instruments have grown noticeably in recent months, even though BTC itself remains under pressure. In his view, the industry has long outgrown the confines of just Bitcoin, but many market participants have yet to see this.
At the same time, he highlighted Bitcoin's fundamental role. The current drawdown is just one of many cycles, and the asset's significance remains unchanged. This aligns with his long-standing predictions: 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 basis of this forecast is a simple idea: Bitcoin remains the core digital infrastructure, and short-term price swings do not change that.
"I remain as optimistic as ever — 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 that market participants are closely watching the opinions of key industry figures.
My analysis: Armstrong's statement is not just an optimistic forecast, but a signal for institutional players. The $60,000 level indeed looks like strong support, especially against the backdrop of growth in stablecoins and derivatives. However, one should not forget that four-year cycles may compress due to the influx of institutional capital. If the bottom has indeed been formed, the reversal could be sharp, but volatility will remain high. Investors should prepare for new fluctuations, not a calm rise.