Brian Armstrong, the Chief Executive Officer (CEO) of cryptocurrency exchange Coinbase Global (COIN), says that Bitcoin’s (BTC) price could hit $1 million U.S. by the year 2030.
“I think we’ll see $1 million per Bitcoin by 2030,” Armstrong wrote on social media. The prediction is notable because the CEO rarely offers price targets for crypto.
However, Armstrong is now adding his voice to a growing chorus of crypto advocates who are forecasting explosive growth for digital assets.
Jack Dorsey, the CEO of digital payments firm Block (XYZ), has also said Bitcoin could reach $1 million U.S. by 2030.
Cathie Wood’s Ark Invest revised its long-term outlook for BTC, raising its projection to $3.8 million U.S. by the end of the current decade.
Many crypto bulls say that increased institutional adoption of cryptocurrencies will drive prices substantially higher in coming years.
The optimism comes after Bitcoin recently set new all-time highs, reaching a record $124,000 U.S. earlier in August.
The rally has strengthened arguments that Bitcoin is a hedge against inflation and an alternative to traditional safe-haven assets such as gold bullion.
Some analysts are forecasting that Bitcoin’s price will top $200,000 U.S. by the end of this year. So far in 2025, BTC has gained 21% to currently trade at $113,350 U.S. per digital token.
