Coinbase CEO Says $400,000 Bitcoin Target by 2030 Is Reasonable
Coinbase CEO Brian Armstrong said he still considers a Bitcoin price of $400,000 by 2030 a reasonable target, despite the cryptocurrency currently trading below $80,000 and facing pressure from global bond markets.
Speaking on CNBC’s Squawk Box Asia, Armstrong discussed the potential impact of the Clarity Act on the cryptocurrency industry and outlined his longer-term outlook for Bitcoin. He said regulatory progress, market cycles and the approach of the next Bitcoin halving could support higher prices over the coming years.
“I do think that that's a reasonable target by 2030,” Armstrong said when asked whether he continued to expect Bitcoin to reach $400,000 by the end of the decade.
Bitcoin Price Cycle Supports Armstrong’s Outlook
Armstrong based part of his outlook on what he described as Bitcoin’s recurring four-year market cycle. He said the cryptocurrency typically experiences a period of rising prices followed by euphoria and then a prolonged decline.
“If you follow crypto, it typically will go through these 4-year-ish cycles. There'll be a run-up, some euphoria, there'll be a down period. Most of the down periods last about a year,” he said.
Armstrong believes Bitcoin may already have passed the bottom of its latest downturn.
“We've actually just come across the 1-year mark for this down period. I personally believe that the bottom is in on Bitcoin in this most recent cycle,” he added.
His assessment comes after Bitcoin recovered significantly from its July 1, 2026 low. The cryptocurrency fell below $60,000 on that date, reaching $57,717 before beginning a broader recovery.
Armstrong pointed to that rebound as another reason for his view that the market may have already moved beyond its latest cycle low.
“We've already seen it come up from 60K or so,” he said, while noting that investors would also be watching developments surrounding the Clarity Act and subsequent rulemaking if the legislation fails.
Bitcoin Halving Could Support a Future Rally
Armstrong also pointed to the next Bitcoin halving as a potential catalyst for the market. The event is estimated to occur in mid-April 2028 at block height 1,050,000.
Bitcoin halvings reduce the rate at which new BTC enters circulation, and Armstrong said price increases have historically tended to develop ahead of the event.
“Bitcoin halving event that's, I don't know, about a year and a half out, and we tend to see run-ups in advance of that,” he said.
The timing of the next halving could therefore become increasingly relevant to longer-term Bitcoin market expectations as the event approaches.
Armstrong also expressed optimism about Bitcoin’s near-term prospects, although he did not provide a specific price target for the next two years.
“I think the next year or two is going to be good for Bitcoin, and we'll see what happens,” he said.
Bitcoin Remains Near $80,000
Bitcoin was trading at $79,070 at the time of writing, up 1.21% over the previous 24 hours. The cryptocurrency had reached $82,283 on September 3, 2026.
Armstrong’s $400,000 projection remains a long-term expectation rather than a guaranteed outcome. His argument rests on Bitcoin’s historical market cycles, the potential effects of regulatory developments and the possibility of a pre-halving advance.
Whether those factors are sufficient to drive Bitcoin to $400,000 by 2030 will depend on how the market develops over the remainder of the current cycle and into the next halving period.
Source: u.today
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.