Coinbase CEO Brian Armstrong predicts that Bitcoin could reach $1 million by 2030.
In a post on August 20th on X, Armstrong explained that improving the regulatory environment and increasing government adoption are key drivers pushing top codes to historic milestones.
According to him:
“Regulation clarity has finally emerged, and the US government is maintaining BTC reserves. Among many other factors, there is growing interest in crypto ETFs.
Why Bitcoin is $1 million
According to Armstrong, the most important catalyst for Bitcoin’s next stage of growth is its ongoing efforts to clarify crypto regulations.
He noted that these defined rules promote the influx of institutional capital that remains primarily on the bystanders. Once regulations are complete, he expects funds and asset managers to raise Bitcoin allocations, well over the average 1% share of the portfolio.
He also pointed to the recent establishment of strategic Bitcoin Reserve by the US government as a turning point for the industry. The measure, combined with the Genius Stubcoin Act and the upcoming passing of the Market Structure Bill, illustrates a more coordinated federal approach to digital assets.
Armstrong argued that these moves would reduce investor uncertainty and encourage other G20 countries to adopt similar strategies.
Coinbase CEO also highlighted that despite the remaining regulatory risks, the government is beginning to become more directly involved with the crypto sector.
He believes that national reserves, institutional exposure and stable legislation collectively drive greater trust in Bitcoin as a global financial asset.
Industry experts agree
Armstrong’s predictions are consistent with the broader bullish tales of experts in several markets on Bitcoin.
Earlier this year, Bitmex co-founder Arthur Hayes predicted similar targets, citing systematic changes in the global financial system as a catalyst as the “bazooka” Bitcoin price.
Meanwhile, Defi strategist Carmelo Ippolitto explained that these long-term price forecasts are not merely speculation, but reflect structural developments.
According to him, the mature regulatory framework is a factor that strengthens the potential of Bitcoin, along with the formation of a sovereign reserve strategy and expanding institutional access through ETFs.
He added:
“Large BTC is not a speculative bet, but a monetization of digital scarcity as a global reserve asset.”