Coinbase CEO Brian Armstrong Believes Bitcoin Has Hit Its Cycle Bottom

Coinbase Global (COIN) CEO Brian Armstrong believes Bitcoin has reached its lowest point in the current market cycle and anticipates an upward trend over the next one to two years. Armstrong shared his outlook on Thursday during an interview with Bloomberg TV in Singapore.

Cycle Outlook and Market Conditions

Armstrong pointed to the cryptocurrency's well-known cyclical nature, which is heavily influenced by its mining reward halvings.

"Bitcoin experiences these four-year cycles," Armstrong said. "I personally believe that the price of Bitcoin has bottomed out in this cycle, and as the next halving event approaches, the price will start to trend upwards in the next one to two years."

Despite the optimistic long-term view, the broader crypto market faced headwinds on Thursday. Bitcoin was trading slightly lower at $78,033.6 as of 3:52 AM ET, with market sentiment for risk assets dampened by rising U.S. Treasury yields and geopolitical tensions, according to the report.

US Regulatory Clarity Expected Soon

Armstrong noted that the regulatory environment for the crypto industry has "greatly improved." He highlighted the potential passage of the Financial Innovation and Technology for the 21st Century Act, also known as the FIT Act or "Clarity Act," stating it was "close to the finish line" in the Senate.

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A successful vote would be a "major milestone for the crypto industry," he said. However, Armstrong added that even if the bill does not pass, he expects regulators to act. He noted that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have indicated they are prepared to issue clear rules regardless, potentially providing clarity within the next one to two weeks.

Future Industry Trends

Looking ahead, Armstrong expressed a desire to introduce tokenized stocks to the U.S. market "as soon as possible." He also identified four key trends he is most confident in for the period leading up to 2027:

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

Separately, Armstrong criticized a proposed wealth tax in California, calling the measure "a bad thing for California" and stating it could lead to a "serious fiscal deficit" as tech entrepreneurs leave the state.