Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000
Coinbase CEO Brian Armstrong suggests that Bitcoin may have reached a price floor at $60,000. He remains optimistic about long-term growth despite current market volatility and negative demand indicators.
Why it matters
As a major industry leader, Armstrong's market outlook influences investor sentiment and institutional confidence in the cryptocurrency sector.
"My instinct is we probably have bottomed at this point, maybe at the sixty K number, but nobody can say for sure," Armstrong said in a video posted on X on Monday . He added that he remains long bitcoin and expects prices to be significantly higher by 2030.
The article reports on market commentary and provides balanced context from both the CEO and on-chain analysis firms.
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