The major cryptocurrency Bitcoin (BTC) has been on a downward trend these days. It fell below $113,000 last week after hitting a new $124,000 ATH.
Analysts warn that Bitcoin’s weaknesses could continue, but the key statement came from Coinbase CEO Brian Armstrong.
In an interview with John Collison about the “Cheeky Pint” podcast, Coinbase CEO predicted that Bitcoin will reach $1 million by 2030.
Brian Armstrong is based on his prediction that Bitcoin will reach $1 million in key factors, including clarity in regulations, the US government’s preparation for BTC strategy, and increased interest in cryptocurrency ETFs.
At this point, Armstrong, who described the US as the “remaining pioneer of the G20” for Bitcoin, also mentioned the US strategic Bitcoin reserve.
“If you were asking about the Bitcoin Reserve issue five years ago, they would probably say you’re crazy, the US government wouldn’t officially hold Bitcoin,” the well-known CEO said.
Coinbase CEO also advised the facility to allocate 5-10% of its portfolio to cryptocurrencies, particularly Bitcoin. He added that he believes Bitcoin is superior to gold in terms of reserve holdings.
Ark Invest CEO Catie Wood said in February that Bitcoin could reach $1.5 million in the company’s “bull mode” forecast by 2030.
*This is not investment advice.
