Brian Armstrong: Bitcoin has bottomed out at $60,000, and a reversal is ahead of us
The cryptocurrency market has once again come into focus following a statement from Coinbase CEO Brian Armstrong. He believes that Bitcoin has already reached its local bottom around $60,000 and is preparing for a reversal. In a recent post on X, Armstrong emphasized that he maintains a long position on the asset, calling it "new digital gold."
According to him, the current market turbulence is part of a familiar scenario that repeats from cycle to cycle. Short-term fluctuations, no matter how painful for investors, do not affect Bitcoin's long-term dynamics. Armstrong also attached a chart titled "Bitcoin Four-Year Cycles" to his post, which clearly shows phases of growth and decline alternating since 2011 with a period of approximately two years.
Four-Year Cycle and Market Bottom
Interestingly, on Armstrong's chart, there is a question mark in mid-2026. This hints that, in his view, the current situation does not contradict the logic of the market's long-term movement. He suggests that Bitcoin may have already found its price bottom, though he refrains from making definitive conclusions. This perspective resonates with the opinion of analyst Benjamin Cowen, who also believes the four-year pattern continues to hold but expects a bottom no earlier than the fourth quarter of 2026.
However, not everyone agrees with this scenario. Some experts note that the influx of institutional capital and funds into spot ETFs has significantly accelerated the usual phases of growth and decline, which could disrupt the classic cycle.
2030 Forecast and Bitcoin's Fundamental Role
Armstrong also criticized bearish forecasts regarding Bitcoin's current price. He pointed to notable growth in stablecoins, prediction markets, and derivative instruments, 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 notice this.
The Coinbase CEO emphasizes Bitcoin's fundamental role as a core digital infrastructure. The current drawdown, he 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. Moreover, he is confident that by 2030, 10% of the global economy will operate on cryptocurrencies. At the heart of this forecast is a simple idea: Bitcoin remains the foundational digital infrastructure, and short-term price swings do not negate 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 concluded.
Expert Opinion: Armstrong's statements are not just optimism but a clear signal for the market. Given his role in the industry, such a message could act as a catalyst for a shift in sentiment. However, it is worth remembering that classic four-year cycles may be disrupted by macroeconomic factors and institutional pressure. The $60,000 bottom could hold, but only if the global economic situation stabilizes in the second half of 2026.