Brian Armstrong, CEO of Coinbase, has made a bold prediction that Bitcoin could reach $1 million by the end of this decade. His assertion has garnered significant attention, particularly as he typically avoids public forecasts.
Predictions for Bitcoin Growth
Brian Armstrong is not alone in predicting explosive growth for Bitcoin. Jack Dorsey, former Twitter chief, also forecasts the cryptocurrency hitting $1 million by 2030. ARK Invest’s Cathie Wood has an even more optimistic $1.5 million scenario, while MicroStrategy’s Michael Saylor believes that if Wall Street allocates just 10% of its reserves to Bitcoin, this milestone could become a reality.
Regulations and Bitcoin Reserves
Armstrong pointed out regulatory progress in the U.S. as a key driver for long-term growth. With new legislation on stablecoins and a market structure bill moving through the Senate, he noted that a breakthrough could happen as early as this year. He also mentioned that the U.S. government now holds a strategic Bitcoin reserve, which was once considered unthinkable.
Institutional Inflows
Armstrong emphasized the role of institutional investors. Many funds currently allocate about 1% of their portfolios to Bitcoin, but with regulatory clarity, those allocations could increase. ETFs have already sparked significant adoption, funneling large amounts of capital into the asset. According to him, increased institutional and sovereign interest could drive the next phase of Bitcoin's growth.
For Armstrong and other Bitcoin supporters, limited supply, increasing institutional demand, and global economic uncertainty form the basis for the $1 million prediction. While this target still seems distant, the idea of Bitcoin as a digital reserve asset is no longer mere speculation.
