Coinbase CEO believes Bitcoin has bottomed near $60,000 and is ready for a reversal.
Brian Armstrong, CEO of Coinbase, has once again reaffirmed his unwavering faith in Bitcoin, calling it "new digital gold." According to him, he maintains a long position on the asset despite the current market turbulence.
In a recent post, the head of the largest U.S. crypto exchange directly addressed the recent volatility, noting that investor sentiment traditionally swings to extremes. In his view, the market is currently repeating a scenario already familiar to participants from past cycles. Short-term fluctuations, Armstrong added, do not change his long-term expectations for Bitcoin's trajectory.
Four-Year Cycles and Market Bottom
Armstrong attached a chart titled "Bitcoin 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 in mid-2026. According to the Coinbase CEO, the current situation fits perfectly into 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, though he refrained from making definitive conclusions. Debates around the analysis of the four-year cycle 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, which could shift the timeline.
Armstrong has previously held this view on Bitcoin cycles. He has already explained why Bitcoin is important for the U.S. economy, calling the asset not just a trading tool but also a store of value.
Outlook and 2030 Forecast
The Coinbase CEO also criticized bearish forecasts at the current Bitcoin price. According to him, stablecoins, prediction markets, and derivatives have grown noticeably in recent months, although BTC itself remains under pressure. The industry, in his opinion, has long outgrown the confines of a single 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 extends beyond 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 foundational 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.
Expert Comment: Armstrong's statement is a powerful signal for the market, especially at a time when many doubt the sustainability of the $60,000 level. However, it is important to understand: the four-year cycle is not a dogma but a model. The influence of macroeconomics and the influx of institutional capital could either accelerate or delay the onset of the next bullish phase. Personally, I believe the bottom may indeed be near, but we will only get final confirmation in the second half of 2026, when the market's reaction to macroeconomic triggers becomes clear.