Brian Armstrong, the CEO of Coinbase, one of the world's largest cryptocurrency exchanges, has made a bold prediction that Bitcoin could reach a valuation of $1 million by approximately 2030. Armstrong shared this outlook in an interview with Fox Business and via a post on X (formerly Twitter) on September 24, 2025, urging investors to think long-term.
He based his prediction on three key factors: regulatory clarity, noting that upcoming U.S. legislation like the stablecoin 'Genius Act' and market structure bills could be a turning point; institutional money flow, highlighting that Bitcoin ETFs have already attracted tens of billions in net assets, with Coinbase powering about 80% of these ETFs; and the potential for a U.S. strategic Bitcoin reserve, which could trigger global adoption among G20 nations. Armstrong emphasized Bitcoin's finite supply of 21 million coins as a fundamental driver, arguing that digital scarcity will appeal amid inflation and fiat currency concerns.
Other prominent figures, such as Jack Dorsey, Cathie Wood, and Michael Saylor, have echoed similar bullish sentiments, with MicroStrategy holding over 200,000 BTC. However, Armstrong acknowledged risks, including regulatory setbacks, technological vulnerabilities, and Bitcoin's inherent volatility, which saw prices dip below $112,000 earlier in 2025 despite a 77% year-over-year gain. He cautioned against short-term fluctuations, reinforcing the need for a long-term perspective.