Coinbase CEO: Bitcoin Could Reach $1 Million by 2030

The CEO of the cryptocurrency exchange Coinbase, Brian Armstrong, stated that the value of Bitcoin could reach $1 million by 2030. He mentioned this in an interview with Fox Business, commenting on the market’s reaction to the Federal Reserve’s interest rate cuts.

According to Armstrong, the impact of monetary policy on the cryptocurrency market is not always linear. While it was previously believed that rate cuts would boost risky assets, Bitcoin is increasingly being seen as a capital preservation tool, similar to gold.

Armstrong emphasized that his forecast is based on long-term factors. He highlighted three main reasons for potential growth:

• Regulatory clarity. Initiatives like the Genius Act and the market structure bill could be a turning point for the industry.
• Government involvement. The US could create a strategic reserve in Bitcoin, prompting similar actions from other G20 countries.
• ETFs and institutional investments. According to the CEO, Coinbase provides custody for 80% of launched Bitcoin ETFs, indicating the involvement of major players.

“All of this creates strong tailwinds for Bitcoin. Its quantity is limited — there will never be more than 21 million coins. And many institutional funds still do not have access to it. This means that Bitcoin has enormous growth potential ahead,” Armstrong noted.