Coinbase CEO Brian Armstrong made a bold prediction that Bitcoin could reach $1 million by 2030, citing improving regulations and growing interest in cryptocurrencies.
Bryan Armstrong’s Prediction
Brian Armstrong made a prediction that Bitcoin could be worth $1 million by 2030. In the "Cheeky Pint" podcast, he discussed his views with Stripe co-founder John Collison. Armstrong noted that growing interest in Bitcoin and tightening regulations in the U.S. are fueling his optimism.
Market Developments and Regulations
According to Armstrong, the U.S. is leading other G20 countries by taking measures such as the GENIUS Act for stablecoins and discussing a market structure bill in the Senate. He also mentioned that the U.S. building Bitcoin reserves is a game changer.
Bitcoin Market and Prospects
Despite a recent drop to $113,200 after highs of $124,400, Armstrong and other experts, such as Jack Dorsey and Cathie Wood, support the $1 million prediction for 2030. Analysts, however, urge caution, noting the need for Bitcoin to stabilize around $124,000.
Predictions about Bitcoin's growth by 2030 are based on increasing interest in cryptocurrencies and improved regulatory conditions in the U.S. While some experts forecast more cautious price levels, optimism surrounding Bitcoin continues to rise.
