Bitcoin Price Will Be ‘Much Higher By 2030,’ Says Coinbase CEO Brian Armstrong — How High Can It Go?
Key Takeaways – Brian Armstrong remains strongly bullish on Bitcoin long-term. – Many industry leaders see Bitcoin reaching $1 million or more. – Analyst Benjamin Cowen warns that more downside may come first
Coinbase Chief Executive Brian Armstrong has reiterated his long-term bullish view on Bitcoin, saying he expects it to trade at significantly higher levels by the end of the decade despite the price continuing to fall. Speaking on Peter Diamandis’ podcast, Armstrong said he remains committed to Bitcoin as a long-term investment and urged investors not to overreact to short-term price swings. The comments come as famed analyst Benjamin Cowen has warned that further downside is possible before the market hits a bottom — but how high can it go when it does?
Armstrong Says Bitcoin Price Will Be ‘Much Higher’ By 2030 “I’m as bullish as ever on Bitcoin, and still long — as always,” Armstrong said. The Coinbase CEO argued that Bitcoin’s historical boom-and-bust cycles often appear more dramatic than they actually are when viewed over longer time horizons. “It’s never as good or as bad as it seems,” Armstrong said. The CEO said that the classic four-year cycle feels extreme, “but in reality, they’re not that extreme.” Armstrong added that his long-term outlook remains unchanged despite recent volatility. “I think by 2030 we’re gonna have a much higher price,” he said.