Has Bitcoin found its bottom? Coinbase CEO predicts a reversal from $60,000
Coinbase CEO Brian Armstrong has once again reaffirmed his long-term belief in Bitcoin, calling it "new digital gold." According to him, he maintains a long position on the asset despite current market turbulence.
In a post on platform X, the top executive directly addressed recent volatility, noting that investor sentiment often swings to extremes. In his view, the current scenario is repeating a pattern already familiar from past cycles. Short-term fluctuations, he added, do not change expectations for Bitcoin's long-term dynamics.
Four-Year Cycle and Turning Point
Armstrong attached to the post a chart titled "Bitcoin Four-Year Cycles." It shows alternating phases of growth and decline since 2011, each lasting roughly two years. A question mark is placed at mid-2026. According to the Coinbase CEO, the current situation fits the scenario familiar to investors and does not contradict the logic of long-term market movement.
He suggested that Bitcoin may have already found its price bottom around $60,000, but refrained from making definitive conclusions. Debates around the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen 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 previously. 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.
Outlook for 2030
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 just one Bitcoin, but many market participants have yet to see 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 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 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 indicated 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.
Cryptalist analyst's opinion: Armstrong's statement is a strong bullish signal, but investors should remember: even the most authoritative forecasts do not eliminate market risks. The $60,000 bottom can only be confirmed by time and trading volume.