Bitcoin (CRYPTO: BTC) surged above $84,000 on Monday as Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said the world’s largest cryptocurrency could reach $300,000 to $400,000 by 2030.
He added that the crypto king’s recent drop to $60,000 may have marked the bottom of the latest cycle.
Bitcoin’s $60,000 Bottom in?
Armstrong noted Bitcoin’s historical cycle pattern, where rallies around halving events have typically been followed by downturns lasting roughly a year.
"We’ve just gone through one of those recently," Armstrong told Scott Melker in an interview on Sep.20 pointing to $60,000.
"My hope is by 2030 we could see a $300,000, $400,000 Bitcoin," he said.
Armstrong’s bullish outlook extends beyond Bitcoin’s price. He said stablecoins, perpetual futures, prediction markets and AI-powered finance continue growing regardless of Bitcoin’s short-term swings.
He also sees AI creating another major use case for blockchain payments.
Coinbase is building infrastructure around its Base blockchain, USDC and the x402 payment protocol.
Armstrong expects the trend to accelerate as AI shifts from answering questions to completing tasks that require spending money.
Crypto Won’t Wait for Congress
Armstrong’s comments come after the Senate failed to advance the Clarity Act, dealing a setback to efforts to establish a permanent U.S. crypto market structure framework.
Armstrong said Coinbase supported the latest draft after lawmakers addressed four major concerns the company previously raised.
He said he would now operate under the assumption that the legislation is dead unless lawmakers revive it.
That doesn’t mean crypto regulation stops.
Armstrong expects the SEC and CFTC to use their existing authority to push forward rules covering tokenized equities, perpetual futures and other crypto products.
He specifically pointed to the SEC’s innovation exemption as a potential route for bringing tokenized stocks to U.S. investors.
Coinbase Wants to “Tokenize Everything“
Armstrong said Coinbase’s tokenization ambitions stretch far beyond publicly traded stocks.
"We want to tokenize everything," he said, pointing to private companies, Treasuries, investment funds and other assets as potential candidates.
Armstrong said tokenized equities can offer 24/7 trading, global access and easier settlement while retaining rights tied to the underlying shares.
Perpetual futures are another product Armstrong expects to gain traction in the U.S., calling them a "pretty killer product" because they combine around-the-clock trading with leverage.
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