Coinbase CEO Brian Armstrong, who leads the largest U.S. crypto exchange, predicted this week that bitcoin (BTC) could reach $1 million per coin by 2030, adding his voice to growing calls for explosive growth in the world’s biggest cryptocurrency.
Armstrong shared his views in an appearance on the Cheeky Pint podcast, “The rough idea I have in my head is, we’ll see a million dollar Bitcoin by 2030 and there’s high error bars around these things.”
Similar views were previously shared by Jack Dorsey, Co-Founder of payments firm Block and former CEO of X, who said bitcoin could hit $1 million by decade’s end and move higher after that.
Additionally, Cathie Wood, CEO of Ark Invest (investment firm), recently raised her firm’s outlook to as high as $3.8 million, citing rising institutional adoption as the main driver.
The $1M predictions come as bitcoin continues to break records. The token is currently trading at $113,847, up 22% this year, after briefly touching an all-time high of $124,128 last week. Supporters say bitcoin is strengthening its role as both an inflation hedge and an alternative to gold.
Some investors also see gains arriving sooner. Anthony Scaramucci, Founder of SkyBridge Capital (hedge fund), told CNBC on August 19 that bitcoin could reach $180,000–$200,000 in five months, calling even that estimate conservative.
However, James McKay, researcher at McKay Research, a market analysis firm, reminded traders not to get carried away. “But let’s try and hold 124K first guys,” he posted on X after bitcoin shed some gains.
For now, bitcoin’s future remains uncertain, but with Wall Street, tech leaders, and analysts weighing in, its next move is being watched more closely than ever.