Armstrong Calls Bitcoin Bottom as BTC Slides to $78,000

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Coinbase Global chief executive Brian Armstrong says the worst of this bitcoin cycle is already behind the market.

Calling the bottom

Speaking to Bloomberg Television in Singapore on Thursday, Armstrong framed his view around the rhythm of bitcoin’s four-year cycles and said prices should climb as the network moves toward its next halving.

“Bitcoin goes through these four-year cycles. I personally think we’ve seen the bottom of the Bitcoin price in this cycle, and it’s going to start to trend up over the coming year or two as we reach the next halving event.”

Waiting on Washington

Armstrong said regulatory clarity “has been getting a lot better” and described the Clarity Act as “right on the finish line” in the Senate, calling its passage “a big milestone for crypto.”

He does not think the bill is the only route:

“If it doesn’t pass, the regulators in the U.S., the SEC and the CFTC, have come out and said they’re ready to publish clear rules anyway. So we’ll either get it from the Senate or from the regulators I think in the next week or two.”

Four bets for 2027

Armstrong said he hopes tokenized equities can arrive in the U.S. soon.

Heading into 2027, he named stablecoin payments, equity tokenization, prediction markets and agentic finance as the four areas he has the most conviction in.

A swipe at California

Armstrong also took aim at California’s proposed wealth tax, saying it “would be a bad thing for California.”

“There’s a large number of tech founders that I know already who are planning to leave the state or have already left. I think it could create a major budget deficit. I personally just believe that it’s un-American and unethical to try to seize people’s assets.”

Source: bitbo.io