Coinbase CEO Predicts Bitcoin Could Reach $1 Million by 2030
Brian Armstrong, CEO of Coinbase, said Bitcoin’s future looks very promising. Speaking on FOX Business, he predicted Bitcoin (BTC) might hit $1 million per coin by around 2030. Armstrong cited clearer crypto regulations, growing institutional involvement, and rising global demand as key factors behind this potential growth.
Long-Term Outlook and Regulatory Clarity
Armstrong urged investors to focus on Bitcoin’s long-term potential rather than short-term price changes. He said, “I try not to get caught up in the short-term trends. I think bitcoin could reach $1M by ~2030 based on current conditions and progress.”
He highlighted upcoming legislation in the U.S. Congress that could provide regulatory clarity. Armstrong called this a “major moment” that might unlock the next wave of crypto growth.
Government Reserves and Institutional Demand
Armstrong suggested that if the U.S. government starts buying and holding Bitcoin, demand could surge significantly. He said, “The United States of America has a strategic bitcoin reserve. If the government is going to begin holding Bitcoin, that will be a massive driver of demand, and they will follow suit.” This could encourage other countries to do the same.
He also pointed to the recent rise in Bitcoin ETF approvals as a positive sign. Armstrong revealed Coinbase powers 80% of these ETFs. He noted many investors still lack access to Bitcoin, which has a fixed supply of 21 million coins, indicating room for growth.
Coinbase’s Vision for a Financial Super App
Beyond price predictions, Armstrong shared Coinbase’s goal to become a “super app” for financial services. He said the company wants to be users’ primary account, offering payments, rewards, and more. Recently, Coinbase launched a 4% Bitcoin rewards program as part of this effort.
Armstrong also emphasized support for self-custody of crypto but warned about its risks. He said, “A lot of people do self-custody of crypto, which I’m supportive of… but you are taking a lot of personal responsibility not to lose the password.”
With clearer regulations, growing institutional interest, and potential government Bitcoin reserves, Armstrong’s message is clear: think long-term. If his predictions hold, Bitcoin’s future could reshape global finance.
