Bitcoin News Today: Coinbase CEO Forecasts $1M Bitcoin by 2030 Amid Bullish Sentiment

Coinbase CEO Brian Armstrong has reiterated a bold long-term forecast for Bitcoin, predicting that the cryptocurrency could reach $1 million by 2030. The statement, made during a podcast interview on August 7, 2025, emphasized Armstrong’s confidence in Bitcoin’s future, citing evolving U.S. regulatory clarity, institutional adoption, and Bitcoin’s deflationary supply model as key factors supporting his projection [1]. The CEO also highlighted the possibility of a U.S. Strategic Bitcoin Reserve, a development he described as previously unimaginable just five years ago [2].

Armstrong’s comments align with similar forecasts from other industry leaders. Jack Dorsey, co-founder of X (formerly Twitter), has also predicted a $1 million price tag for Bitcoin by 2030, while Cathie Wood of ARK Invest has projected an even higher target of $1.5 million for the same timeframe [3]. Eric Trump, brother of former U.S. President Donald Trump, has echoed these views, further reinforcing a pattern of bullish sentiment among certain high-profile figures in the space [4].

Despite the optimism, analysts have pointed to the difference between long-term forecasts and near-term market realities. James McKay of McKay Research recently noted that Bitcoin’s price action had reached a new high before retreating, highlighting the importance of monitoring key levels and the potential for further corrections [5]. While Armstrong and others remain focused on 2030, immediate volatility is seen as a potential obstacle.

Other market participants have raised caution. Galaxy Digital CEO Mike Novogratz has warned that a rapid rise to $1 million could signal broader economic distress rather than a sign of a healthy market [6]. This perspective underscores the nuanced debate within the industry, where long-term bullish views coexist with more cautious short-term assessments.

Armstrong’s forecast, like those of other analysts, is a speculative projection rather than a guaranteed outcome. The U.S. regulatory environment and institutional adoption are widely seen as key drivers, but they remain subject to change and uncertainty. As the market continues to evolve, the distinction between what is predicted and what is actual remains important. Armstrong’s $1 million price target for 2030 reflects a vision of Bitcoin’s future role as a strategic reserve asset, but it is not a certainty [7].

Source:

[1] Cointelegraph - [https://cointelegraph.com/news/coinbase-brian-armstrong-bitcoin-price-million-analysts-caution](https://cointelegraph.com/news/coinbase-brian-armstrong-bitcoin-price-million-analysts-caution)

[2] CoinGape - [https://coingape.com/trending/bitcoin-to-1-million-coinbase-ceo-sees-us-reserve-as-game-changer/](https://coingape.com/trending/bitcoin-to-1-million-coinbase-ceo-sees-us-reserve-as-game-changer/)

[3] Bitbo - [https://bitbo.io/news/coinbase-ceo-bitcoin-million/](https://bitbo.io/news/coinbase-ceo-bitcoin-million/)

[4] Yahoo Finance - [https://finance.yahoo.com/news/bitcoin-1m-coinbase-ceo-eric-094541507.html](https://finance.yahoo.com/news/bitcoin-1m-coinbase-ceo-eric-094541507.html)