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Coinbase(NASDAQ:COIN) CEO Brian Armstrong told Bloomberg Thursday that Bitcoin(CRYPTO: BTC) has seen its cycle bottom and the Clarity Act is nearing the finish line.
What Armstrong Said About the Clarity Act
Armstrong told Bloomberg Television from the Global Fintech Fest in Mumbai that banks, law enforcement groups and crypto companies all endorse it ahead of the Sept. 15 Senate vote.
He expressed confidence the bill would pass but added that even a failed vote would not leave the industry without clarity.
“If it doesn’t pass, the SEC and the CFTC have said they’re ready to publish rulemaking,” Armstrong said. “We’re going to get regulatory clarity one way or another on the 15th or the day or two after,” he added.
He described passage of the CLARITY Act as a regulatory checkbox that could unlock institutional capital and pave the way for tokenized equities in the U.S., calling it “a big milestone” for the industry.
What Armstrong Said About Bitcoin
Armstrong noted that Bitcoin goes through four-year cycles and he personally believes the cycle bottom is already in.
He expects Bitcoin to trend higher over the coming year or two as the next halving event approaches, while noting that crypto broadly is much bigger than Bitcoin alone, with stablecoin payments on Base growing 700% year over year and prediction markets growing 100% quarter over quarter on the Coinbase app.
What Armstrong Said About Coinbase’s Business
Armstrong told CNBC’s Squawk Box Asia Thursday that about half of Coinbase’s revenue comes from trading, which has been down for the past year, pushing the company to diversify into stocks, commodities, and foreign exchange.
The other half comes from subscriptions and services, with USD Coin stablecoins as a major component.
On stablecoins specifically, Armstrong expects the market to grow from roughly $300 billion today to $3 trillion by 2030. His four highest conviction trends heading into 2027:
Armstrong added that Coinbase hopes to bring tokenized equities to the U.S. soon, describing them as the first true securities of their kind rather than derivative instruments designed to mimic stock exposure.
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