Coinbase CEO Predicts Bitcoin Reaching $1 Million by 2030
Brian Armstrong's Bitcoin Prediction
- Coinbase CEO Brian Armstrong predicts that Bitcoin's price might reach $1 million by 2030.
- This prediction is based on current industry outlooks and sentiments.
- Armstrong emphasized the role of robust US crypto regulatory frameworks, like the GENIUS Act, in potentially boosting Bitcoin's price.
Institutional Adoption and Bitcoin Scarcity
- Increasing institutional adoption is noted with firms like Strategy holding about 639,835 BTC and Metaplanet holding up to 25,555 BTC.
- Fold Holdings plans to launch a Bitcoin Rewards Credit Card in partnership with Stripe and Visa.
- The fixed supply of Bitcoin at 21 million is expected to drive its scarcity and potential price rally.
Market Context
- Bitcoin is currently trading at $112,466.45, experiencing a 0.64% decline in the last 24 hours.
- Prominent figures like Jack Dorsey and Cathie Wood have expressed similar bullish views on Bitcoin's future price.