Armstrong Sees Bitcoin Bottom at $60K, Forecasts Higher Prices by 2030

Coinbase CEO Brian Armstrong expressed his belief that bitcoin has likely found its bottom around $60,000. Armstrong referenced the cryptocurrency's historical four-year cycle in support of this assertion.

Despite recent price drops, Armstrong remains bullish on bitcoin, calling it 'the new digital gold.' He expects its value to rise significantly by 2030.

The cryptocurrency recently rebounded above $66,000 after dipping below $60,000. However, analysts caution that weak demand and unstable ETF flows mean a confirmed recovery is not yet certain.