Bitcoin

Brian

<h2 id="b-tldr-b">TLDR:</h2><ul><li>Coinbase CEO Brian Armstrong believes Bitcoin likely bottomed near $60K, citing the four-year halving cycle.</li><li>Bitcoin dropped to $59,743 on June 5 before rebounding above $66,000 following a US-Iran Strait of Hormuz deal.</li><li>Armstrong remains long on Bitcoin and expects prices to be significantly higher by the year 2030.</li><li>CryptoQuant warns demand conditions stay negative and ETF flows remain unstable despite Bitcoin’s value zone entry.</li></ul>Coinbase CEO Brian Armstrong has suggested that Bitcoin likely found its price floor near $60,000, though he stopped short of making a definitive call. Armstrong shared the view in a video posted on X, pointing to Bitcoin’s historical four-year halving cycle as context. The token had dropped to $59,743 on June 5 before recovering above $66,000. Armstrong remains long on Bitcoin and expects prices to climb significantly by 2030.<h2 id="b-armstrong-points-to-halving-cycle-as-market-compass-b">Armstrong Points to Halving Cycle as Market Compass</h2><a href="https://blockonomi.com/brian-armstrong-outlines-crypto-vision-for-the-future-financial-system/" rel="noopener noreferrer nofollow">Brian Armstrong</a> shared his read on Bitcoin’s current position in a video posted to X on Monday. He stated, “My instinct is we probably have bottomed at this point, maybe at the sixty K number, but nobody can say for sure.” The Coinbase CEO framed his view around the asset’s well-known four-year halving cycle.<div class="embed-x"><blockquote class="twitter-tweet">I’m as bullish as ever on Bitcoin, and still long (as always).It’s never as good or bad as it seems. <a href="https://t.co/AeRmUJsNt3" rel="noopener noreferrer nofollow">pic.twitter.com/AeRmUJsNt3</a>— Brian Armstrong (@brian_armstrong) <a href="https://x.com/brian_armstrong/status/2066315371276022158?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 15, 2026</a></blockquote></div>That cycle has historically alternated between bull and bear markets at regular intervals. Bitcoin is currently trading roughly 50% below its October 2025 all-time high of approximately $126,000. Armstrong used this drawdown as a reference point for assessing where the market stands today.Armstrong also reinforced his long-term conviction in the asset’s fundamentals, stating plainly, “I think bitcoin is the new digital gold.” He expects <a href="https://parameter.io/revolut-glitch-displays-bitcoin-price-at-0-02-while-market-trades-near-80k/" rel="noopener noreferrer nofollow">Bitcoin prices</a> to be meaningfully higher by 2030, reflecting a broader thesis on the asset’s role in the global financial system.Bitcoin climbed above $66,000 on Monday, gaining nearly 3% over 24 hours. The recovery came after the US and Iran reached a deal to reopen the Strait of Hormuz, which eased broader market concerns and lifted risk assets.<h2 id="b-on-chain-data-paints-a-more-cautious-picture-b">On-Chain Data Paints a More Cautious Picture</h2>Armstrong also addressed the wider crypto market in a post on X on June 5, the same day Bitcoin hit its recent low. He wrote, “Derivatives, stablecoins, <a href="https://coincentral.com/cftc-chair-michael-selig-gains-power-over-crypto-and-prediction-markets/" rel="noopener noreferrer nofollow">prediction markets</a> are all up,” adding that it would “take some time for this to sink in.” The post pointed to strength beneath the surface despite Bitcoin’s price weakness.On-chain analysis firm CryptoQuant offered a more measured view of the situation. The firm noted that Bitcoin has entered a historical value zone near its realized price of around $53,600. However, demand conditions remain deeply negative, and ETF flows have not yet stabilized.CryptoQuant’s data draws a clear distinction between a price floor and a confirmed recovery. Traders will need to see sustained macro catalysts before a clearer directional trend can be established. A single bounce does not confirm a <a href="https://moneycheck.com/bitcoin-btc-hits-cycle-bottom-at-59k-standard-chartered-analyst-projects-crypto-rally/" rel="noopener noreferrer nofollow">cycle bottom.</a>The broader context matters here. Armstrong’s bottom call carries the same uncertainty that on-chain data reflects. Market participants continue watching macro developments alongside technical signals before committing to a recovery narrative.The post <a href="https://blockonomi.com/coinbase-ceo-brian-armstrong-says-bitcoin-has-likely-bottomed-around-60k/" rel="noopener noreferrer nofollow">Coinbase CEO Brian Armstrong Says Bitcoin Has Likely Bottomed Around $60K</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Coinbase CEO Brian Armstrong Says Bitcoin Has Likely Bottomed Around $60K

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