Coinbase CEO Brian Armstrong reaffirmed his bullish outlook on bitcoin in an X post on June 14, stating he remains long the cryptocurrency and expects much higher prices by 2030. Armstrong described bitcoin as 'the new digital gold' and tied his position to long-term economic adoption rather than short-term market movements. He suggested bitcoin may have already reached a bottom in the current market cycle, citing the $60,000 level as a possible low, and emphasized that his long-term conviction remains unchanged despite short-term volatility.
Armstrong Suggests Bitcoin May Have Bottomed at $60,000 in Current Cycle
Armstrong wrote on June 14: 'I'm as bullish as ever on bitcoin, and still long (as always). It's never as good or bad as it seems.' The Coinbase executive discussed bitcoin's recurring four-year market cycles and noted that some investors track indicators such as the percentage of holders in profit versus loss to assess cycle positioning. While cautioning that no one can predict market movements with certainty, Armstrong stated: 'my instinct is we probably have bottomed at this point,' adding that the $60,000 level could have marked that low. He tied bitcoin's long-term prospects to its growing role in the global economy, stating: 'I think it's going to be a key part of our economy going forward into the future, so I'm as bullish as ever.'
Coinbase CEO Expects Much Higher Bitcoin Prices by 2030, Calls Stablecoins Best Form of Money
Armstrong emphasized that short-term market fluctuations do not change his long-term outlook on bitcoin. Reaffirming his conviction in the asset's future role and value, he said: 'I'm optimistic as always. I think by 2030 we're going to have a much higher, higher price, and I'm long bitcoin, just like always.' Other recent X posts show Armstrong has applied a similar long-term frame to crypto markets, stating that market volatility does not change his outlook and that he remains long-term bullish on crypto as digital assets continue to gain ground in financial services. Stablecoins have also featured prominently in Armstrong's broader crypto commentary. He has described Coinbase as 'extremely bullish on stablecoin growth' and called stablecoins 'the best form of money,' citing both global users and AI agents as rapidly growing user groups.
FAQ
What did Brian Armstrong say about bitcoin on June 14?
Brian Armstrong posted on X on June 14 that he remains long bitcoin and as bullish as ever, expecting much higher prices by 2030. He described bitcoin as 'the new digital gold' and tied his position to long-term economic adoption.
Why does Armstrong think bitcoin may have bottomed in the current cycle?
Armstrong suggested bitcoin may have bottomed at the $60,000 level based on his assessment of bitcoin's recurring four-year market cycles and indicators tracking the percentage of holders in profit versus loss, though he cautioned that no one can predict market movements with certainty.
