Coinbase CEO Brian Armstrong made a bold prediction that Bitcoin could reach $1 million by 2030. This growth implies an increase of over 800% from its current level.
Brian Armstrong's Prediction
Brian Armstrong pointed to two main drivers: better rules for crypto and America’s interest in building Bitcoin reserves. He noted that the U.S. is becoming a leader among G20 countries, and progressive initiatives like the GENIUS Act concerning stablecoins are instilling hope. Armstrong emphasized that Bitcoin could become a global reserve currency amidst declining trust in fiat money.
Interest in Ethereum
While Bitcoin captures headlines, Ethereum is not left behind. Growing interest in Ethereum ETFs is fostering positive expectations. Ethereum remains in the spotlight due to its ability to support DeFi and various tokens. Analysts predict that ETH could yield high returns even in downturn periods.
Market Volatility Persists
Despite recent fluctuations, Bitcoin reached $124,400 before retreating. Jerome Powell’s speeches and jobless claims are weighing on the market. Both BTC and ETH ETFs faced significant outflows, confirming that volatility will continue. However, Armstrong predicts a potential market revival, with some analysts suggesting that Bitcoin should remain above $124,000 for speculation to grow.
Overall, cryptocurrencies are once again capturing the attention of both Wall Street and retail investors, and while Bitcoin and Ethereum take center stage, interest in other tokens like MAGACOIN FINANCE is also increasing.
