Coinbase CEO Brian Armstrong has projected that Bitcoin could reach $1 million by 2030,
In an Aug. 20 post on X, Armstrong explained that the improved regulatory environment and increasing government adoption are major drivers that would push the top crypto to the historic milestone.
According to him:
“Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a growing interest for crypto ETFs, among many other factors.
Why Bitcoin is going to $1 million
According to Armstrong, the most significant catalyst for Bitcoin’s next phase of growth is the ongoing effort to clarify crypto regulations.
He pointed out that these defined rules will encourage an influx of institutional capital that has largely remained on the sidelines. Once regulations are finalized, he expects funds and asset managers to raise their Bitcoin allocations far beyond the average 1% share in their portfolios.
He also pointed to…
