TLDR
- Coinbase CEO Brian Armstrong forecasts Bitcoin will reach $1 million by 2030 during podcast appearance
- Bitcoin currently trades around $113,000-$114,000 after hitting all-time high above $124,000 last week
- Armstrong cites emerging US regulatory clarity and potential Strategic Bitcoin Reserve as key growth drivers
- Other executives including Jack Dorsey and Cathie Wood have made similar million-dollar predictions
- Bitcoin has gained 22% year-to-date but retreated 9% from recent peak
Coinbase CEO Brian Armstrong made headlines this week by predicting Bitcoin price will reach $1 million by 2030. Armstrong shared his forecast during an interview on the “Cheeky Pint” podcast with Stripe co-founder John Collison.
“The rough idea I have in my head is, we’ll see a million-dollar Bitcoin by 2030, and there’s high error bars around these things,” Armstrong stated. The cryptocurrency executive joins a growing list of industry leaders making similar predictions about Bitcoin’s long-term price potential.
I think we'll see $1M per bitcoin by 2030.
Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there's a growing interest for crypto ETFs, among many other factors.
(Not financial advice of course, it's impossible to guarantee) pic.twitter.com/w5EfcYFvVp
— Brian Armstrong (@brian_armstrong) August 20, 2025
Bitcoin currently trades around $114,000, representing a 22% gain year-to-date. However, the cryptocurrency has retreated approximately 9% from its recent all-time high above $124,000 reached last week.
Armstrong attributed his optimistic outlook to improving regulatory conditions in the United States. He described the country as a “bellwether for the rest of the G20 nations” regarding cryptocurrency regulation.
The Coinbase CEO specifically highlighted the recently passed GENIUS Act for stablecoins. He also referenced ongoing Senate debates about a market structure bill that could provide further regulatory clarity.
“Fingers crossed something could happen by the end of this year,” Armstrong said about potential regulatory progress. He expressed hope that new legislation could pass before year-end.
Regulatory Clarity as Growth Driver
Armstrong emphasized the importance of clearer regulations for Bitcoin’s growth trajectory. He believes improved regulatory frameworks will encourage broader institutional adoption of cryptocurrencies.
The concept of a Strategic Bitcoin Reserve also featured in Armstrong’s analysis. He suggested that if the United States creates such a reserve, other countries would likely follow suit.
“If they do that, which there’s now an executive order to do, a bunch of other countries are going to do that,” Armstrong explained. He views government Bitcoin holdings as a potential catalyst for price appreciation.
Armstrong has consistently advocated for Bitcoin as a potential replacement for traditional reserve currencies. He points to mounting global deficits and economic uncertainty as factors that could drive adoption.
Bitcoin Price Prediction
Armstrong’s forecast aligns with predictions from other prominent figures in the cryptocurrency space. Former Twitter CEO Jack Dorsey has also suggested Bitcoin could reach $1 million by 2030.
ARK Invest CEO Cathie Wood recently revised her firm’s Bitcoin outlook upward. The investment company now projects Bitcoin could reach as high as $3.8 million by decade’s end, citing increased institutional adoption.
Eric Trump made similar comments at the Wyoming Blockchain Symposium this week. “You go out a couple of years, there’s no question Bitcoin hits a million bucks,” he stated.
However, some analysts counsel patience with current market conditions. McKay Research researcher James McKay suggested focusing on nearer-term price levels first.
“Let’s try and hold 124K first guys,” McKay wrote on social media following Bitcoin’s retreat from its recent high. His comment reflects concerns about getting ahead of immediate market dynamics.
Current Market Conditions
Several factors continue supporting Bitcoin’s price momentum in the near term. These include corporate treasury purchases, nation-state buying programs, and sustained institutional interest.
Spot Bitcoin ETFs have also provided ongoing demand support since their launch. The exchange-traded funds have attracted billions in investor capital from traditional finance participants.
Some potential challenges exist for Bitcoin’s short-term outlook. Federal Reserve policy decisions regarding interest rates could impact risk assets like Bitcoin.
SkyBridge Capital founder Anthony Scaramucci maintains a more conservative near-term target. He suggests Bitcoin could reach $180,000-$200,000 within five months.
Miller Value Partners chairman Bill Miller IV has also weighed in on Bitcoin’s potential. He suggested the cryptocurrency could reach $175,000 due to investments from global retirement accounts.
At the time of publication, Bitcoin was trading at approximately $114,002, representing a 0.43% gain over the previous 24-hour period.
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