Brian Armstrong says Bitcoin’s long-term trajectory could carry it to $1 million a coin in just a few years.
In a Fox Business interview, the Coinbase CEO points to a confluence of factors he believes are reshaping demand for the world’s largest cryptocurrency.
He sets the stage by contrasting the short-term volatility with what he sees as enduring structural shifts.
“But I try not to get too caught up in the short-term trends. What I try to do is look at the long-term trends. And there’s a couple of big tailwinds now, which lead me to think that there’s a good chance Bitcoin could be at $1 million per coin by 2030 or so.”
Bitcoin is currently valued at $112,676.
As for the catalysts that could send Bitcoin flying, Armstrong mentions regulations, President Trump’s executive order on Bitcoin, and massive institutional demand from exchange-traded funds.
“It’s the regulatory clarity that’s emerging. I mentioned the GENIUS Act. And now, with market structure legislation hopefully getting close.
That could be a major moment. We also saw the United States of America now has a strategic Bitcoin reserve. So if the United States government is going to begin holding Bitcoin, I think that’s going to be a massive driver of demand and the rest of the G20 countries will probably follow suit.
And then the last thing I’d say is that we saw recently the launch of the Bitcoin ETF by a number of different firms, and Coinbase is actually powering 80% of the custody for those that are out there. But we’re seeing a ton of institutional money continue to flow into Bitcoin now that these ETFs are live. So there’s a lot of positive tailwinds for Bitcoin.”
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