Key highlights:
- Coinbase CEO Brian Armstrong says a $400K Bitcoin valuation in 2030 is a reasonable outlook
- Armstrong forecasts a bullish two-year period for Bitcoin, tipping the asset to ride the wave of the next halving
- Meanwhile, Bitcoin is facing headwinds for a rally in the short-term as ‘Red September’ fears surge
Brian Armstrong, Coinbase’s CEO, has tipped
Among pundits, there is a consensus that sustained capital into Bitcoin will fuel the rally to six figures for the cryptocurrency. Experts are keeping their eyes peeled on spot Bitcoin ETF inflows, while others have their sights on macroeconomic indicators for signs of capital inflows to BTC.
The Coinbase founder is not the only one with a long-term bullish outlook for Bitcoin. Early in the year, ARK Invest predicted BTC price to hover between $950,000 and $1 million by the end of the decade.
Other personalities like Arthur Hayes and Michael Saylor have made similar predictions for Bitcoin’s price by 2030. However, Bitcoin is facing resistance at the $83K to $86K range, casting doubt over the chances for a rally in September.
Source:: Coinbase CEO Brian Armstrong Calls $400K Bitcoin by 2030 a ‘Reasonable Target’