Bitcoin's price has likely bottomed out at $60,000 according to Coinbase CEO Brian Armstrong.
In a video posted on social media, Armstrong expressed his belief that Bitcoin may have reached its lowest point but emphasized that nobody can be certain about the future of the market.
Armstrong also stated that he is 'as bullish as ever' on Bitcoin and still holds long positions in the asset.
He added that Bitcoin is 'the new digital gold', referring to its status as a store of value in the cryptocurrency market.