Bitcoin News Today: Coinbase CEO Predicts $1M Bitcoin by 2030 Amid Regulatory Clarity and Institutional Interest

Coinbase CEO Brian Armstrong has made a bold long-term prediction, forecasting that Bitcoin could reach $1 million by 2030. This projection, if realized, would represent a nearly 800% increase from Bitcoin’s current price of approximately $113,000 [1]. Armstrong cited two key factors driving this potential surge: the development of clearer regulatory frameworks for cryptocurrency and the U.S. government’s growing interest in adopting Bitcoin as part of its monetary strategy. He specifically referenced the GENIUS Act, a proposed framework for stablecoins, as a sign of progress in the regulatory space. Additionally, he noted increasing institutional interest in crypto ETFs, particularly those focused on Ethereum [1].

While Bitcoin dominates headlines with its ambitious price targets, Ethereum remains a central focus for investors. Analysts highlight ETH’s role in decentralized finance (DeFi) and its ability to support a wide range of tokens, which continues to attract attention despite recent outflows in Ethereum ETFs [1]. The broader market remains bullish on Ethereum’s long-term potential, with many investors viewing it as a strategic alternative to Bitcoin in the next market cycle.

Alongside Ethereum, MAGACOIN Finance is being ranked among the top cryptocurrencies for investment. Analysts have pointed to MAGACOIN Finance as a high-growth presale opportunity with the potential for 40x returns, drawing early buyers through a promotional offer providing an extra 50% bonus using the code PATRIOT50X [1]. While this forecast is speculative and not backed by current performance data, it underscores the growing interest in alternative tokens among investors seeking high-risk, high-reward opportunities [1].

Despite these optimistic forecasts, the market continues to experience volatility. Bitcoin recently dipped below $112,000 after touching $124,400 earlier in the month, influenced by macroeconomic factors such as the Federal Reserve’s policy signals and jobless claims. Both Bitcoin and Ethereum ETFs also saw combined outflows exceeding $1 billion, highlighting the ongoing uncertainty among investors [1]. Armstrong, however, remains confident in the long-term trajectory of Bitcoin, citing the declining trust in fiat currencies and the rise of global debt as factors likely to drive continued demand.

Other market analysts have also weighed in on Bitcoin’s future. Standard Chartered has forecast a price of $500,000 by 2028, while MN Capital’s Michael van de Poppe and BitQuant’s André Dragosch have set price targets of $145,000 and $200,000, respectively, based on macroeconomic trends [1]. Eric Trump and Anthony Scaramucci have also offered bullish projections, with Trump suggesting Bitcoin could hit $175,000 by the end of 2025 and Scaramucci forecasting $180,000 to $200,000 by year-end [1].

Taken together, these forecasts reflect a broader narrative of growing institutional and political interest in Bitcoin as a reserve asset. While the $1 million target set by Armstrong remains ambitious, the increasing adoption of cryptocurrency in traditional financial systems and the regulatory developments under way support a long-term upward trend.

Source:

[1] Coinbase CEO Predicts $1M Bitcoin — Analysts Rank Ethereum & MAGACOIN Finance Among Best Cryptos to Buy Now, Coindoo, https://coindoo.com/coinbase-ceo-predicts-1m-bitcoin-analysts-rank-ethereum-magacoin-finance-among-best-cryptos-to-buy-now/