Coinbase CEO Brian Armstrong has projected that Bitcoin could reach $ 1 million by 2030,
In a August 20 after On X, Armstrong explained that the improved regulatory environment and the increasing adoption of the government are large drivers who would push the upper crypto to the historic milestone.
According to him:
“Regular clarity is finally on the rise, the US government keeps a BTC reserve, there is a growing interest in crypto ETFs, in addition to many other factors.
Why Bitcoin goes to $ 1 million
According to Armstrong, the most important catalyst for the next growth phase of Bitcoin is the continuous effort to clarify crypto instructions.
He pointed out that these defined rules will encourage an inflow of institutional capital that has largely remained on the sidelines. As soon as the regulations have been completed, he expects funds and asset managers to bring their bitcoin assignments much further than the average share of 1% in their portfolios.
He also pointed to the recent establishment of a strategic Bitcoin reserve by the US government as a turning point for industry. The measure, in combination with the passage of the brilliant Stablecoin ACT and the upcoming market structure law, indicates a more coordinated federal approach to digital assets.
Armstrong argued that these movements would reduce the uncertainty for investors and penetrate other G20 countries to adopt similar strategies.
The CEO of Coinbase also emphasized that governments start more directly with the crypto sector, although the risks of the regulations continue to exist.
He believes that national reserves, institutional exposure and Stablecoin legislation will jointly encourage Bitcoin as a financially active worldwide.
Industry experts agree
Armstrong’s prediction corresponds to the wider bullish story of various market experts around Bitcoin.
Earlier this year co-founder of Bitmex Arthur Hayes predict A similar target, stating the systemic shifts in the worldwide financial system as a catalyst that would be Bitcoin price “Bazooka”.
Meanwhile, Defi -Strategist is Carmelo Ippolitto explained That these price projections reflect structural developments in the rather than merely speculation.
According to him, the adult legal frameworks, in addition to the formation of sovereign reserve strategies and the expansion of institutional access via ETFs, are factors that reinforce Bitcoin’s potential.
He added:
“BTC on a scale is less a speculative bet and more the income of digital scarcity as a worldwide reserve -active.”
