Coinbase CEO Brian Armstrong has set a bold projection for Bitcoin, suggesting that the cryptocurrency could reach $1 million by 2030. In a recent post on X, Armstrong highlighted key factors that could drive Bitcoin to this historic milestone.
One of the main catalysts for Bitcoin’s potential growth, according to Armstrong, is the ongoing effort to establish clearer regulations for the crypto industry. He believes that increased regulatory clarity will pave the way for institutional investors to enter the market, potentially leading to a significant increase in Bitcoin allocations within investment portfolios.
Armstrong also pointed to recent developments within the US government, such as the establishment of a Strategic Bitcoin Reserve and the passage of legislation like the GENIUS Stablecoin Act. These initiatives signal a more coordinated approach to digital assets at the federal level, which could help reduce uncertainty for investors and encourage other G20 countries to follow suit.
Furthermore, Armstrong emphasized the growing engagement between governments and the crypto sector, noting that national reserves, institutional exposure, and stablecoin legislation could collectively enhance confidence in Bitcoin as a global financial asset.
Industry experts seem to align with Armstrong’s bullish outlook on Bitcoin’s future. BitMEX co-founder Arthur Hayes and DeFi strategist Carmelo Ippolitto have also made similar long-term price projections, citing structural developments in the financial system and regulatory frameworks as key drivers for Bitcoin’s potential growth.
Overall, Armstrong’s forecast and the support from industry experts suggest that Bitcoin’s journey to $1 million by 2030 may be more than just speculation. With a maturing regulatory environment and increasing institutional interest, Bitcoin could solidify its position as a global reserve asset in the years to come.