Coinbase CEO Brian Armstrong believes Bitcoin (BTC) could reach between $300,000 and $400,000 by 2030 if the cryptocurrency continues to follow the market cycles seen in previous years.
Armstrong made the comments during an interview on “The Wolf of All Streets” channel Sunday, where he discussed Bitcoin’s previous market cycles, the recent downturn, and the broader expansion of the crypto industry.
“My hope is that by 2030 we could see a $300,000 $400,000 Bitcoin,” Armstrong told host Scott Melker.
Notably, the Coinbase chief based his outlook partly on Bitcoin’s recurring four-year market cycles. He noted that the cryptocurrency has historically recorded major advances around its halving events, when the number of new BTC entering circulation is cut in half, followed by periods of significant corrections.
“We’ve just gone through one of those recently, and so nobody knows for sure, but if it follows similar patterns to the past, hopefully we’ve seen the bottom of this cycle around $60,000 or so on Bitcoin,” he added.
 
Last week Armstrong also expressed a similar view, telling Bloomberg he believed Bitcoin’s latest downcycle had reached its bottom after the cryptocurrency spent roughly a year in a decline.
Meanwhile, Bitcoin’s recent price action has supported the broader recovery narrative. The cryptocurrency fell toward $75,000 earlier in the week after the US Senate failed to advance the CLARITY Act. The Federal Reserve also raised interest rates by 25 basis points, adding another potential pressure point for risk assets.
Despite those developments, Bitcoin staged a sharp rebound late in the week. On Friday, September 18, BTC climbed more than 5% from the previous session, breaking above $80,000 and reaching above $81,000.
The move was accompanied by heavy liquidations among traders betting on further declines. More than $500 million in leveraged crypto positions were liquidated over 24 hours, with short positions accounting for most forced closures. Bitcoin itself accounted for more than $240 million of those liquidations, according to CoinGlass data.
Moreover, Bitcoin benefited from renewed demand for US spot ETFs. Spot Bitcoin ETFs recorded roughly $160 million in inflows on Thursday, followed by about $434 million on Friday.
That said, for Armstrong, however, Bitcoin is only one part of a much larger crypto expansion. He pointed to stablecoins, perpetual futures, tokenized stocks and AI-related financial applications as areas that could continue developing regardless of Bitcoin’s short-term price.
“Stablecoins and perpetual futures and prediction markets and Agentic Finance are just growing really nicely regardless of what the price of Bitcoin is doing,” Armstrong said.
At press time, Bitcoin was trading at $83,525, down 0.86% in the past 24 hours.
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