Bitcoin To Be Worth ‘Multiple Millions’ Someday — Coinbase CEO Explains Why ⋆ ZyCrypto
The post Bitcoin To Be Worth ‘Multiple Millions’ Someday — Coinbase CEO Explains Why ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     The FTX implosion may seem like a distant memory when Bitcoin (BTC) slumped to $15,000 lows in November 2022. The sentiment during that time was extreme fear, and the industry never imagined it would bounce back. Fast forward to a little over two years later, the world’s largest and oldest crypto is valued at over $100,000 with a new crypto-friendly U.S. administration in charge. And one of the crypto industry’s most prominent leaders, Brian Armstrong, has predicted that BTC could potentially hit “multiple millions” per coin. Why is the Coinbase CEO so bullish on Bitcoin? Bitcoin Price To Millions? In a recent interview with CNBC, Coinbase’s chief executive officer Brian Armstrong said he believes the Bitcoin price could reach millions of dollars in the coming years. “We have seen just incredible growth, and I think it hit an all-time high yesterday, so we feel very good about that,” he posited. “I think over time we’ll see Bitcoin get into the multiple millions price range.” Advertisement   Just before the Donald Trump inauguration on Jan. 20, BTC smashed a new all-time high price point of $108,786. The top crypto, however, nosedived sharply shortly afterward following disappointment over Trump sidestepping crypto while delivering his Inauguration Day speech and the absence of an executive order related to a national strategic Bitcoin reserve. Even though Trump may have backpedaled on his day one crypto promises, enthusiasts are still hopeful of a more favorable regulatory environment under his administration. According to Armstrong, Trump finally building a national Bitcoin reserve would spur FOMO among other nation-states to establish their own BTC reserves. “If the U.S. took that path, probably the rest of the G20 would follow. I think Bitcoin has a long way to go— it’s going to be the new gold standard…
Filed under: News - @ January 22, 2025 9:25 pm