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Coinbase CEO Brian Armstrong predicts that Bitcoin could reach $1 million by 2030. He shared this view on the “Cheeky Pint” podcast, pointing to rising institutional interest, clearer US regulations, and the new US Strategic Bitcoin Reserve as key reasons for his optimism.
Armstrong called the US a “bellwether for the rest of the G20” and said laws like the Genius Act for stablecoins could push Bitcoin’s growth forward.
Armstrong’s Bitcoin price prediction comes after Bitcoin recently fell to around $113,000, dropping 9% from its recent all-time high of $124,128. Some analysts urge caution before celebrating big gains. James McKay from McKay Research said, “Let’s try and hold $124K first,” signaling that Bitcoin needs to stabilize around this level before aiming for even higher prices.
McKay added that Armstrong’s $1 million forecast is not impossible, as firms like Standard Chartered predict Bitcoin could reach $500,000 by 2028. Still, the market must first handle short-term challenges. These include the US Federal Reserve’s interest rate decisions and potential changes in future government regulations that could affect crypto adoption.
Other experts have shared bold predictions, too. ARK Invest CEO Cathie Wood sees Bitcoin reaching $1.5 million by 2030. Twitter co-founder Jack Dorsey predicted $1 million per Bitcoin in May 2024. However, Galaxy Digital CEO Mike Novogratz warned that a $1 million Bitcoin next year could signal problems in the US economy, not a market victory.
The $124,000 level has now become particularly important for Bitcoin, acting as a psychological and technical barrier for traders. A clean breach above and retention over $124K would show that bullish momentum is very strong and would draw greater attention from institutions and retail investors. Any failure by Bitcoin to sustain this level will imply corrections or slow growth before another try at $1 million.
Despite near-term challenges, Armstrong, Coinbase CEO, sees strong long-term growth for Bitcoin, despite some near-term headwinds. He points toward a limited supply, increasing institutional adoption, and growing acceptance of Bitcoin as a digital store of value. Analysts agree that the road to $1 million is very long, but the first critical step is surpassing $124K.
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