Coinbase CEO Brian Armstrong has declared that Bitcoin has bottomed out in its current cycle, expressing confidence that the cryptocurrency will trend upward over the next two years and hit a $400,000 target by 2030. Armstrong bases his outlook on historical four-year cycles and the upcoming 2028 halving. Concurrently, he anticipates imminent regulatory clarity for the U.S. crypto sector, asserting that the industry will gain legal certainty regardless of the outcome of the Senate's September 15 vote on the Clarity Act.
Armstrong Bitcoin bottom call
- ▪Bitcoin was trading around $77,000 to $79,000 in early September 2026, representing a decline of approximately 38% to 39% from its record high of roughly $126,000 reached in October 2025
- ▪Coinbase CEO Brian Armstrong stated in September 10, 2026 interviews that he believes the bottom of the Bitcoin price in the current cycle has already occurred
- ▪Brian Armstrong clarified that his view on the Bitcoin price bottom is his personal opinion rather than an official Coinbase forecast
Bitcoin four-year cycle pattern
- ▪Brian Armstrong expects Bitcoin to trend higher over the next one to two years leading up to the next halving event, which is estimated to occur around April 2028
- ▪Brian Armstrong noted that the current Bitcoin down period has just passed its one-year mark, supporting his view that the cycle has bottomed out
- ▪Brian Armstrong stated that Bitcoin typically follows four-year cycles consisting of a run-up, a period of euphoria, and a down period that usually lasts about one year
Bitcoin $400,000 by 2030 target
- ▪Reaching the $400,000 target by 2030 would require Bitcoin to climb more than fivefold from its September 2026 price of approximately $77,000
- ▪Coinbase CEO Brian Armstrong reiterated his long-term target that Bitcoin could reach $400,000 by the year 2030, calling it a reasonable target
50-week moving average resistance
- ▪Galaxy Research reported that Bitcoin's 50-week moving average stood at $81,473 on September 2, 2026, serving as a key technical marker for a durable market recovery
- ▪Glassnode reported that Bitcoin gained 23% over 21 sessions through September 9, 2026, while selling pressure eased as the asset approached resistance between $83,000 and $86,000
Clarity Act Senate vote
- ▪Brian Armstrong noted that negotiations continue over the Clarity Act's ethics provisions regarding digital asset holdings and divestiture for elected officials
- ▪The Digital Asset Market Clarity Act aims to divide cryptocurrency oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission
- ▪Brian Armstrong stated that the cryptocurrency industry will gain regulatory clarity regardless of whether the U.S. Senate passes the Clarity Act on September 15, 2026
Coinbase agentic payments leadership
- ▪Brian Armstrong stated that Coinbase holds a leading position in agentic finance, with over 90% of the approximately 165 million agentic payments to date occurring on the Base blockchain
- ▪Brian Armstrong reported that stablecoin payments on the Coinbase-developed Base blockchain have increased 700% year over year
Debatable claims
- ▪The Clarity Act should require elected officials to divest their digital assets
- ▪The U.S. crypto industry will achieve regulatory clarity even if the Clarity Act fails
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