Brian Armstrong, CEO of Coinbase, predicts that Bitcoin's price will reach one million dollars by 2030.
U.S. regulations, such as the GENIUS Act and Bitcoin reserve plans, enhance his optimism.
Bitcoin's recent drop to $113,200 came after it peaked at $124,400, with volatility linked to economic events.
Brian Armstrong, CEO of Coinbase, made headlines today with his bold prediction that Bitcoin's price could reach one million dollars by 2030.
#اقتصاد_رقمي #اخبار_الكريبتو_العاجلة #اقتصاد_لا_مركزي
Speaking on the 'Cheeky Pint' podcast with John Collison, co-founder of Stripe, Armstrong shared his thoughts, which he later posted on X. He cited increasing U.S. regulatory frameworks and global interest in Bitcoin as key reasons for his optimism. Bitcoin is currently trading at $113,200, after recently reaching a peak of $124,400.
Bitcoin Predictions and Market Developments
Armstrong believes that the United States is leading the way for other G20 countries with steps like the GENIUS Act for stablecoins and a market structuring bill currently under discussion in the Senate. He also pointed out that the U.S. is building a Bitcoin reserve, which he sees as a turning point.
Armstrong believes that Bitcoin could become a global reserve currency as confidence in traditional currencies wanes due to rising deficits. He is joined in his predictions by others like Jack Dorsey, Cathie Wood, and Changpeng Zhao, who also expect Bitcoin's price to reach one million dollars by 2030.
However, analyst James Mackay from Mackay Research urged investors to remain vigilant, noting that Bitcoin needs to reach $124,000 first. He added that Standard Chartered expects it to reach $500,000 by 2028, so Armstrong's predictions are not far-fetched.
Bitcoin has recently experienced volatility, declining after major economic events such as the minutes from the U.S. Federal Open Market Committee meeting and the anticipated statements from Federal Reserve Chairman Jerome Powell. Nevertheless, Armstrong's remarks bolster investor optimism.
The increasing popularity of Bitcoin exchange-traded funds and greater transparency of U.S. regulations also bolster optimism about the future of the digital currency. While reaching the one million dollar mark may seem distant, Armstrong and others see Bitcoin's limited supply and rising demand as the main drivers of significant growth in the coming years.
