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Will the Bitcoin price reach one million US dollars? Many investors consider this a sacred goal. Now Coinbase CEO Brian Armstrong is surprising. He predicts that BTC will be traded for a seven-figure value in just a few years. These important points support this.
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Bitcoin at 1 Million: Coinbase CEO Optimistic – THAT’S how it Will Succeed
A Bitcoin price of one million US dollars is considered a long-term goal by many analysts and investors alike. If one believes the latest assessment by Coinbase CEO Brian Armstrong, this should not be too far away.
- Bitcoin
(BTC) - Price $111,599.00
- Market Cap
$2.22 T
“The rough idea I have in my head is that Bitcoin will reach one million US dollars by 2030,” Armstrong recently explained in an interview.
As the founder of Coinbase, the American gained great recognition in the crypto scene. He has been involved with Bitcoin since 2010, which led to the founding of the crypto exchange in 2012, which is now considered the largest trading platform of its kind in the United States of America.
“The error rate of these things [price analyses] is high, but just to name a few points: Regulatory clarity is increasing. (…) The US government maintains a Bitcoin reserve,” the 42-year-old explained.
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While the risks for the crypto industry continue to decrease, the strengths are becoming more apparent. For many years, Bitcoiners had feared that a serious error in the currency’s program code could destroy it. This is now unlikely.
Attacks by state actors were also considered a realistic threat. Since states are now increasingly investing in cryptocurrencies themselves.
That’s why the Bitcoin Price Forecast is more Bullish than ever Before
Over the past few months, Bitcoin, but also the entire crypto market, has made enormous progress. Armstrong’s expectation of a Bitcoin price of one million US dollars by 2030 is due to these new circumstances.
The Bitcoin price forecast has improved significantly due to the regulatory push by the US government, which has taken place since the inauguration of US President Donald Trump. The USA has already introduced several new laws and decrees that are expected to have a bullish effect on BTC and the broader crypto market.
One of these laws is the Stablecoin Act GENIUS, which has already been ratified but has not yet come into force. Another focus is the establishment of the state Bitcoin reserve in the USA. Previously, only small states such as El Salvador and Bhutan had implemented similar concepts.
“If I had said five years ago that the USA would one day hold Bitcoin, I would have been considered crazy.”
“This is a model for the rest of the G20,” argues Armstrong. According to his assessment, the most powerful countries in the world will follow the example of the USA and also begin with state support for stablecoins and Bitcoin.
The 42-year-old also refers to the CLARITY Act. The law is currently going through the legislative process. If it is passed, completely new opportunities could arise for the crypto industry in the USA. Previously excluded investors might then get the green light from regulators and could legally acquire crypto for the first time.
“That would be a huge milestone,” Armstrong describes the CLARITY Act.
Armstrong’s confidence is based on his insider knowledge. More than 140 government organizations are already among Coinbase’s customers.
Did you know? Crypto expert Arthur Hayes expects a price of $250,000 per Bitcoin this year.
