Bitcoin News Today: Coinbase CEO Predicts Bitcoin Could Hit $1 Million by 2030

Coinbase CEO Brian Armstrong has issued a bold prediction that Bitcoin could reach $1 million by 2030, citing growing institutional adoption, regulatory clarity, and the U.S. government’s increasing interest in the asset as key factors. In multiple statements, including on X (formerly Twitter), a podcast appearance, and in interviews, Armstrong emphasized that the U.S. regulatory environment is improving, with the Genius Act for stablecoins and the ongoing debate over a market structure bill representing important milestones [1]. He also highlighted the potential establishment of a U.S. Strategic Bitcoin Reserve, a concept he noted was unimaginable just five years ago [2].

Armstrong’s forecast is part of a broader trend of optimism among leading voices in the crypto industry. For instance, ARK Invest’s Cathie Wood has suggested Bitcoin could hit $1.5 million by 2030, while Square’s Jack Dorsey has also expressed similar bullishness about the $1 million price target [3]. However, the prediction has also drawn cautious responses from analysts, with James McKay of McKay Research emphasizing the need for focus on near-term price movements. He noted that Bitcoin recently faced a significant pullback after reaching $124,128, and the ability to hold above $124,000 will be a critical step for the market moving forward [4].

Despite the differing views, Armstrong’s comments reflect a growing consensus among top industry figures regarding Bitcoin’s long-term value. Institutional interest, government purchases, and the potential approval of spot Bitcoin ETFs have all been cited as possible catalysts for a sustained upward trajectory [5]. At the same time, Armstrong has been careful to note the high degree of uncertainty surrounding such long-term projections, acknowledging that “the error bars are high” [6].

The broader financial market is watching closely as the crypto space continues to evolve. While some view the potential rise toward $1 million as a sign of maturation, others warn that such a dramatic increase could signal underlying economic instability rather than a healthy market expansion [7]. As 2024 progresses, regulatory developments and macroeconomic trends will play a crucial role in shaping the trajectory of Bitcoin toward 2030.

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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] dlnews.com, [https://www.dlnews.com/articles/markets/coinbase-ceo-and-eric-trump-say-bitcoin-could-hit-1-million/](https://www.dlnews.com/articles/markets/coinbase-ceo-and-eric-trump-say-bitcoin-could-hit-1-million/)

[5] AInvest, [https://www.ainvest.com/news/bitcoin-news-today-coinbase-ceo-forecasts-1m-bitcoin-2030-bullish-sentiment-2508/](https://www.ainvest.com/news/bitcoin-news-today-coinbase-ceo-forecasts-1m-bitcoin-2030-bullish-sentiment-2508/)

[6] Yahoo Finance, [https://finance.yahoo.com/news/coinbase-ceo-brian-armstrong-forecasts-031948494.html](https://finance.yahoo.com/news/coinbase-ceo-brian-armstrong-forecasts-031948494.html)