TL;DR
- Brian Armstrong, CEO of the exchange Coinbase, projected that Bitcoin could reach between $300,000 and $400,000 by the year 2030.
- Armstrong noted that Bitcoin’s drop to $60,000 may have marked the bottom of the current cycle, following historical halving patterns.
- The CEO stated that the crypto industry will move forward with or without Congressional legislation, relying on the existing authority of the SEC and the CFTC.
Coinbase and its CEO Brian Armstrong once again addressed the current state of the crypto market after the executive stated, in an interview with Scott Melker, that Bitcoin could reach between $300,000 and $400,000 by 2030. His remarks coincided with a rally by Bitcoin above $84,000 during Monday’s session, a level it had not reached in the past seven months.
Armstrong also suggested that BTC’s drop to $60,000 may have represented the bottom of the current cycle. He noted that Bitcoin historically undergoes corrections of approximately one year following halving events, and that this period of contraction has already come to an end.
Coinbase: Tokenizing Everything
Beyond Bitcoin’s price, Armstrong outlined a vision for the company’s future. He stated that Coinbase aims to tokenize everything: shares of private companies, Treasury bonds, investment funds, and other traditional assets. According to Armstrong, tokenized assets allow users to operate 24 hours a day, seven days a week, from anywhere and with more efficient settlement, without losing the rights tied to the underlying asset.
Coinbase is already building infrastructure around its blockchain Base, the stablecoin USDC, and the payments protocol x402, with the intention of capturing all the financial flow that artificial intelligence will generate as autonomous agents move from answering questions to executing real transactions.
The Crypto Industry Won’t Wait for Congress
The United States Senate failed to advance the Clarity Act, legislation intended to establish a permanent framework for the crypto market. Armstrong backed the latest draft of the bill after confirming that lawmakers had addressed four objections that Coinbase had previously raised.
However, in the face of the parliamentary failure, he declared that he will operate under the assumption that the legislation is off the table, unless Congress reactivates it. In that scenario, he anticipated that the SEC and the CFTC will use their existing regulatory powers to advance rules on tokenized equities, perpetual futures, and other crypto products, and highlighted the SEC’s innovation exemption as a concrete pathway to allow tokenized equities in the U.S. market.
