According to Coinbase CEO Brian Armstrong, Bitcoin could reach $1 million by 2030, which would require an over 800% increase from its current level of around $113,000.
Bitcoin Forecast by Coinbase CEO
Brian Armstrong states that Bitcoin could hit $1 million by 2030. This would mean BTC has to grow over 800% from its current price of approximately $113,000. Armstrong highlighted two main factors supporting this growth: improved regulations for cryptocurrencies and the U.S. interest in building Bitcoin reserves.
Growing Interest in Ethereum
Ethereum is also attracting investor attention. Increasing interest in Ethereum ETFs is generating positive expectations. Analysts remain optimistic that ETH could yield high returns in the upcoming cycle, even during current market downturns.
Cryptocurrency Market Volatility
Despite Bitcoin's recent growth, market activity remains volatile. Price fluctuations driven by various economic events continue to impact BTC and ETH. However, Armstrong expresses hope for a revival, and some analysts predict Bitcoin will stay above $124,000.
Thus, cryptocurrencies are once again in the spotlight for both retail and institutional investors, despite the ongoing market volatility.
