Coinbase CEO Brian Armstrong said a Bitcoin price of $400,000 by 2030 remains a reasonable target, according to Decrypt. Armstrong also argued that the cryptocurrency’s market bottom is already in after roughly a year of downturn. His comments come with Bitcoin’s next halving approximately 18 months away. The halving is a scheduled event in Bitcoin’s supply cycle, though the source material does not provide further details on its potential market impact. Armstrong’s view outlines a long-term price objective rather than a near-term forecast. The comments are relevant to Bitcoin traders and investors monitoring the market’s recovery from its prolonged decline and the approach of the next halving. No current Bitcoin price or additional timing for the projected move was provided in the source material.
Source
Decrypt
This is an original Moneyiar brief based on the cited source.
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