Foreign media reports that Coinbase's Chief Executive Officer, Brian Armstrong, recently stated in an interview with CNBC that it is still a "reasonable goal" for Bitcoin to reach $400,000 by 2030. He also believes that this round of Bitcoin's downward cycle may have bottomed out, and its performance over the next one to two years is worth watching.
The $400,000 target is still in place.
When asked whether Armstrong still holds the view that Bitcoin will reach $400,000 by 2030, given that it is currently below $80,000, he gave an affirmative answer. He stated that he still believes this goal is achievable.
There are two key arguments in this comment: firstly, the historical cyclical fluctuations of Bitcoin, and secondly, the potential for the US crypto regulatory environment to become clearer over time. Armstrong mentions that relevant legislation and subsequent rule-making may influence market sentiment and capital flows in the coming years.
It is said that this round of decline has either ended or is about to end.
Armstrong indicates that Bitcoin typically goes through a cycle of nearly four years: first there is an upward trend, followed by a period of high enthusiasm, and then a phase of decline. He mentioned that most of the previous downward phases lasted about a year, and this current adjustment is also approaching that duration.
Based on this, he concludes that the current cycle's low point may have already been reached. For reference, he mentioned that Bitcoin fell below $60,000 on July 1, 2026, reaching $57,717, and since then, the price has rebounded from this low level.
- Low point on July 1, 2026: $57,717
- Price at the time of publication in the article: $79,070
- On September 3, it once rose to: $82,283
The halving expectation remains an important variable.
Armstrong also mentioned that the next Bitcoin halving is expected to occur around mid-April 2028, and the market usually trades in anticipation of this event in advance. He believes that this historical pattern may continue to provide support for Bitcoin.
In his view, the next one to two years could be a favorable period for Bitcoin. However, this judgment is based on his personal and institutional perspectives. The market will continue to pay attention to the progress of crypto legislation in the United States, as well as whether pressures in the global bond market will continue to affect the performance of risk assets.
