Bitcoin has found a bottom around $60,000: Coinbase CEO predicts a reversal
Coinbase CEO Brian Armstrong has once again reaffirmed his unwavering faith in Bitcoin, calling it the "new digital gold." In his view, the current correction is nothing more than another phase in the long-term upward trend, and he maintains a long position on the asset.
In a recent post on platform X, Armstrong directly addressed the recent market turbulence, noting that investor sentiment, as usual, swings from one extreme to another. In his opinion, the current scenario is a repeat of what is well known from past cycles. Short-term fluctuations, he added, do not in any way change expectations for Bitcoin's long-term dynamics.
The Four-Year Cycle: History Repeats Itself
Armstrong attached a chart titled "Bitcoin's Four-Year Cycles" to his post. It clearly shows alternating phases of growth and decline since 2011, each lasting approximately two years. A question mark is placed at mid-2026. From the Coinbase head's perspective, the current situation fits perfectly into the familiar investor scenario and does not contradict the logic of long-term market movement.
He suggested that Bitcoin may have already found its price bottom, but refrained from drawing final conclusions. The debate around the four-year cycle analysis has 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. Others 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 previously explained why Bitcoin is important for the U.S. economy, calling the asset not only a trading tool but also a means of preserving value.
On Bitcoin's Prospects and the 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, although BTC itself remains under pressure. The industry, in his opinion, has long outgrown the framework of just Bitcoin, but many market participants have not yet noticed this.
At the same time, he emphasized Bitcoin's fundamental role. Armstrong believes the current drawdown 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 outlined will hold will become clear as the macroeconomic situation develops in the second half of 2026. His post has generated significant resonance. This indicates close attention from market participants to the opinions of key industry figures.
As an analyst, I tend to agree with Armstrong in his long-term vision. Four-year cycles are not dogma, but a powerful historical pattern. The current correction, backed by macroeconomic uncertainty and regulatory risks, could indeed be the last opportunity for entry before a new bull rally, especially given growing institutional interest.