What will the future of Bitcoin look like? The future direction of Bitcoin is highly关注ed, with Coinbase CEO Brian Armstrong predicting that Bitcoin could reach $1 million by 2030. Currently, the price of Bitcoin is close to $114,000, which means there is a growth potential of 777% to reach this target.
His optimism stems from increased regulatory transparency in the United States, the passage of the Stablecoin 'Genius Act', and the market structure bill currently being debated in the Senate. Additionally, Trump signed an executive order to establish a strategic Bitcoin reserve, which he believes other countries will follow suit. Armstrong believes Bitcoin could become a new global reserve currency, with rising global deficits and uncertainty acting as catalysts for its departure from the fiat currency system. However, such predictions can have significant errors, and investing in Bitcoin should be approached with caution.
