Coinbase CEO predicts an unbelievable target for Bitcoin

Core Viewpoint - Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1,000,000 by 2030, driven by regulatory clarity, government adoption, and institutional demand [1][2]. Regulatory Environment - Armstrong highlights bipartisan progress on crypto legislation, including the GENIUS Act, which provides clear regulations for stablecoins [3]. - There is a growing bipartisan movement in Congress to define regulations for non-stablecoin assets like Bitcoin and Ethereum, indicating strong legislative momentum [4]. Institutional Adoption - Armstrong emphasizes that significant institutional investment through Bitcoin ETFs could be a major driver of demand for Bitcoin [2][4]. - The U.S. government's potential move to hold Bitcoin as a strategic reserve is also seen as a catalyst for price increase [1][2]. Future Vision for Coinbase - Armstrong envisions Coinbase as a "bank replacement" for consumers, expanding beyond trading to include payments and everyday financial services [5]. - The introduction of Coinbase's new credit card offering 4% Bitcoin rewards is a step towards modernizing the financial system [5]. Market Positioning - Armstrong asserts that the financial system can become more modern, fair, and efficient through crypto innovations, positioning Coinbase at the forefront of this transformation [5].