Coinbase CEO Brian Armstrong has set the crypto world buzzing with his latest prediction: Bitcoin could soar to $1 million by 2030. In a post on X, Armstrong argued that the combination of regulatory clarity, institutional inflows, and government adoption will fuel Bitcoin's journey to this milestone.
His confidence rests on a clear trend – the United States and other global powers are not only opening the doors to crypto ETFs but are also beginning to hold Bitcoin in national reserves. Armstrong identified regulatory clarity as the biggest catalyst for Bitcoin's long-term growth. He explained that once the U.S. finalizes its market structure and stablecoin rules, institutional investors will be far more confident in raising their Bitcoin allocations.
At present, most funds hold just around 1% of their portfolios in BTC – a figure Armstrong believes could multiply once legal frameworks are cemented. He also highlighted the U.S. government's creation of a Strategic Bitcoin Reserve as a turning point. Alongside the GENIUS Stablecoin Act and upcoming Market Structure Bill, these measures represent a coordinated federal approach that reduces uncertainty and pressures other G20 nations to follow suit.
Armstrong noted that sovereign reserves and institutional allocations are no longer theoretical. Governments are increasingly engaging directly with digital assets, while ETFs provide easier access for asset managers. This structural foundation, he argues, will establish Bitcoin as a core component of global financial systems.
Industry voices back this view. Arthur Hayes of BitMEX has issued similar forecasts, while DeFi strategist Carmelo Ippolitto emphasized that Bitcoin's rise is less about speculation and more about the monetization of digital scarcity on a global scale.