Coinbase CEO Brian Armstrong Believes Bitcoin Has Bottomed

Coinbase Global CEO Brian Armstrong said he personally believes Bitcoin's price has already hit its low point for the current market cycle. He anticipates the digital asset will begin to appreciate over the next one to two years in the run-up to its next halving event.

Price Outlook and Market Cycle

Speaking to Bloomberg Television in Singapore on Thursday, Armstrong based his view on Bitcoin's historical four-year cycles, which are closely tied to its programmed "halving" events that reduce the rate of new coin creation. "I personally think we’ve seen the bottom of the Bitcoin price in this cycle, and it’s going to start to trend up," he stated.

The comments came as Bitcoin's price edged down to $78,033.6 on Thursday, according to the source. The broader market for risk assets, including cryptocurrencies, faced pressure from elevated Treasury yields and an escalating U.S.-Iran conflict.

Regulatory Clarity Nears

Armstrong expressed optimism about the U.S. regulatory landscape, noting that clarity for the crypto industry "has been getting a lot better." He pointed to the Clarity Act, which he described as being "right on the finish line" in the Senate and a potential "big milestone for crypto" if passed.

Crucially, Armstrong said that regulatory progress is likely imminent regardless of the bill's legislative outcome. "If it doesn’t pass, the regulators in the U.S., the SEC and the CFTC, have come out and said they’re ready to publish clear rules anyway," he told Bloomberg. "So we’ll either get it from the Senate or from the regulators I think in the next week or two."

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Future Focus for Coinbase

Looking ahead, Armstrong outlined several key trends he has high conviction in for 2027 and noted he hopes to bring tokenized equities to the U.S. "soon."

His primary areas of focus include:

• Stablecoin payments
• Tokenization of equities
• Prediction markets
• Agentic finance

Armstrong also commented on California’s proposed wealth tax, calling the measure "a bad thing for California" and "un-American." He stated that many tech founders he knows have already left or are planning to leave the state in response to such proposals.