Bitcoin could reach an astonishing $1 million per coin by 2030, according to Coinbase CEO Brian Armstrong. This bold prediction adds momentum to growing optimism in the crypto community about the future value of bitcoin.

Armstrong made the forecast in a recent post on X while discussing his appearance on the Cheeky Pint podcast. Notably, Armstrong isn’t known for frequently giving price targets, which makes his estimate particularly striking.

Growing Confidence in Bitcoin’s Long-Term Potential

Armstrong isn’t the only high-profile crypto leader sharing such enthusiasm. Jack Dorsey, former CEO of X (previously Twitter) and co-founder of Block (formerly Square), also expects bitcoin to surpass $1 million by 2030. He believes the cryptocurrency’s value could continue climbing well beyond that figure.

Adding to the chorus of bullish predictions, Ark Invest—led by renowned investor Cathie Wood—revised its outlook in July. The firm now projects bitcoin could reach as high as $3.8 million by 2030, driven by increasing institutional investment in digital assets.

Recent Market Activity Reinforces Bullish Views

The crypto market’s current momentum is fueling confidence in such long-term projections. Bitcoin recently surged to a record-breaking all-time high of over $124,000. Although it has since cooled to $114,383, the digital asset remains up 22% year to date, showcasing its resilience and appeal amid fluctuating markets.

Chart illustrating bitcoin’s rise to an all-time high above $124,000 in 2024, fueling bullish sentiment.

The ongoing rally has sparked renewed debates around bitcoin’s role as a hedge against inflation and its positioning as a modern-day alternative to gold. For many investors, these attributes solidify bitcoin’s long-term value proposition—even as traditional financial markets remain uncertain.

Short-Term Outlook: More Gains Possible

Shorter-term predictions are also leaning bullish. Anthony Scaramucci, founder of SkyBridge Capital, recently shared an optimistic projection on CNBC. During an Aug. 19 appearance, he stated that bitcoin could reach between $180,000 and $200,000 within five months. He added that even this target might be on the conservative side. (Watch the interview)

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With institutional interest rising and the market’s momentum growing, many believe bitcoin could soon break more records as it continues to mature as a financial asset. As such, the conversation around bitcoin’s future is shifting from speculation to strategic positioning for its eventual mainstream adoption.