Coinbase CEO Brian Armstrong Says Bitcoin Has Likely Bottomed for This Cycle

Coinbase Global CEO Brian Armstrong said he believes Bitcoin has already hit its bottom for the current market cycle, citing the cryptocurrency's historical four-year patterns as the basis for his outlook.

A Cyclical Low Point

In a Thursday interview with Bloomberg TV in Singapore, Armstrong expressed his view that the market has turned a corner. "Bitcoin experiences this four-year cycle. I personally believe that the price of Bitcoin has bottomed out in this cycle," he said, predicting that "the price will start to trend upwards over the next one to two years" as the next halving event approaches.

His comments came as the market showed some signs of weakness. According to the source, Bitcoin was trading slightly lower at $78,033.6 as of 3:52 AM ET, with pressure from rising U.S. Treasury yields and geopolitical tensions dampening investor appetite for risk assets.

Improving Regulatory Outlook

Armstrong also noted that the regulatory environment for the crypto industry "has greatly improved." He pointed to the "Clarity Act" in the U.S. Senate, which he said is "about to cross the finish line" and would represent a "major milestone for the crypto industry" if passed.

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He added that even if the bill does not pass, he expects regulatory clarity is imminent. "The U.S. regulators—the SEC and the CFTC—have publicly stated that they will issue clear regulatory rules anyway. So, I think in the next one to two weeks, we will get a clear answer either from the Senate or from the regulators," Armstrong stated.

Future Growth Areas

The Coinbase chief highlighted four key trends he is most confident in for the outlook to 2027:

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

Armstrong also touched on a proposed wealth tax in California, calling the measure "a bad thing for California" and noting that many tech entrepreneurs he knows are already planning to leave or have left the state. He described the concept as "un-American" and "morally wrong."