Has Bitcoin found a bottom near $60,000? Opinion from Coinbase CEO and my analysis
Coinbase CEO Brian Armstrong suggested that Bitcoin may have reached a local bottom around $60,000. At the same time, he acknowledged that there is no complete certainty about this — the market remains unpredictable even for top executives of the largest crypto exchanges.
Armstrong confirmed that he maintains a long position on the asset, viewing Bitcoin as "new digital gold." His long-term forecast suggests significant growth by 2030, which he links to the historical four-year halving cycle. This mechanism, which limits supply, traditionally creates a supply deficit and pushes the price upward in subsequent periods.
My Professional Perspective
The $60,000 level does indeed look like a strong support zone, especially considering it coincides with a psychologically significant mark and previous highs from 2021. However, I would not rush to call this a "bottom" — the market is too volatile, and external macroeconomic factors, such as Fed policy or regulatory changes, could introduce adjustments. Nevertheless, the logic of the four-year halving cycle remains one of the most reliable patterns in the crypto industry, and I share the optimism regarding the long-term trend.