Coinbase CEO Brian Armstrong has joined the growing list of crypto executives forecasting Bitcoin to hit $1 million by 2030, even as the cryptocurrency struggles to hold recent highs.
Speaking on the Cheeky Pint podcast with Stripe co-founder John Collison, Armstrong said his outlook is shaped by regulatory clarity beginning to emerge in the United States, which he described as a “bellwether for the rest of the G20.” He cited the recently passed GENIUS Act for stablecoins and the ongoing debate in the Senate over a wider market structure bill as key milestones.
I think we’ll see $1M per bitcoin by 2030.
Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a growing interest for crypto ETFs, among many other factors.
(Not financial advice of course, it’s impossible to guarantee) pic.twitter.com/w5EfcYFvVp
— Brian Armstrong (@brian_armstrong) August 20, 2025
“Fingers crossed something could happen by the end of this year, that would be a huge milestone,”
Armstrong said, adding that the creation of a U.S. Strategic Bitcoin Reserve would have been “unthinkable” just five years ago but now appears to be within reach.
Armstrong’s bullish projection comes during a volatile week for Bitcoin. The asset retreated 9% from its record high of $124,128, sliding to $112,676 before stabilizing near $113,800 on Thursday.
Not all market watchers are convinced that a path to seven-figure Bitcoin is imminent. James McKay, researcher at McKay Research, urged restraint in a post on X, pointing out that Bitcoin must first sustain its recent breakout levels.
“Let’s try and hold 124K first guys,”
McKay wrote, warning that investors risk overextending expectations as profit-taking and market corrections set in.
The split between long-term optimism and short-term caution highlights the current crossroads in crypto markets. While institutional adoption and regulatory developments continue to strengthen the case for Bitcoin’s growth, analysts note that the market’s immediate challenge is stabilizing above its new support levels after a historic rally.
Against this backdrop, Coinbase has completed its acquisition of Deribit, the world’s leading crypto options exchange. Deribit, which handled more than $1 trillion in trades last year and currently oversees about $60 billion in open interest, reported record activity in July 2025.
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