Coinbase CEO Brian Armstrong has reiterated his belief that Bitcoin could reach $1 million by 2030, joining a chorus of industry executives making bold long-term predictions.
However, market analysts are urging investors to temper their expectations following a recent dip in Bitcoin’s price.
Armstrong’s outlook and regulatory progress
Speaking on the “Cheeky Pint” podcast, Armstrong said:
“The rough idea I have in my head is that we’ll see a million-dollar Bitcoin by 2030.”
Armstrong pointed to emerging regulatory clarity in the United States, describing the country as a “bellwether for the rest of the G20.”
He cited the passage of the Genius Act for stablecoins and ongoing debate over a market structure bill in the Senate.
Armstrong also noted the growing legitimacy of Bitcoin as a reserve asset, referencing the US Strategic Bitcoin Reserve—something he said was unthinkable just five years ago.
Analysts urge focus on near-term resistance
Despite Armstrong’s optimistic outlook, James McKay of McKay Research cautioned that investors should pay attention to immediate price levels.
After Bitcoin reached a new all-time high of $124,128 before retreating by 9%, McKay stated:
“Let’s try and hold 124K first guys.”
McKay acknowledged that Armstrong’s prediction aligns with other bullish forecasts, including Standard Chartered’s $500,000 target for 2028.
He also pointed to ongoing institutional interest, nation-state purchases, and demand for spot Bitcoin ETFs as drivers of long-term growth.
Mixed views among industry leaders
Other executives have made similar projections.
ARK Invest CEO Cathie Wood recently suggested Bitcoin could hit $1.5 million by 2030, and Jack Dorsey has floated the idea of $1 million per BTC by the same year.
Eric Trump echoed these sentiments at the Wyoming Blockchain Symposium.
However, Galaxy Digital CEO Mike Novogratz warned that a rapid approach to the $1 million mark could signal broader economic distress in the United States, rather than a healthy rally.
