Coinbase CEO Predicts Bitcoin Could Reach $1 Million by 2030

Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1 million by 2030, citing increasing institutional interest and clearer regulatory frameworks in the US.

Armstrong highlighted upcoming stablecoin legislation and a market structure bill as potential catalysts for growth.
The US government reportedly holds a strategic Bitcoin reserve.
Currently, large funds allocate about 1% of their portfolios to Bitcoin, indicating room for growth with clearer regulations.
Exchange-traded funds have started attracting significant institutional investments.

High-profile figures like Robert Kiyosaki, Michael Saylor, and Cathie Wood echo bullish sentiments, each providing different rationales for potential price increases. Kiyosaki cites inflation and US debt, while Saylor believes a 10% allocation from Wall Street reserves could push prices higher. Wood suggests Bitcoin could rise to $1.5 million under bullish scenarios.

Market volatility remains a concern, with risks from macroeconomic factors and regulatory changes potentially impacting Bitcoin's price trajectory.