Coinbase CEO Says Bitcoin Has Bottomed, Expects Uptrend Over Next Two Years
Armstrong Predicts Bitcoin Bottom and Uptrend
Coinbase CEO Brian Armstrong stated in a Bloomberg Television interview that he believes Bitcoin has reached its lowest point in the current price cycle. He expects the cryptocurrency to start trending higher over the next one to two years.
This view comes as Bitcoin was trading near $78,000 on Thursday, down 1.7% over 24 hours and about 38% below its record high of $126,000.
Key Takeaways from the Interview
- Armstrong's personal view is that Bitcoin's price bottomed in this cycle.
- He expects an upward trend leading to the next halving event, which is when the reward for mining new blocks is cut in half.
- Bitcoin was priced around $78,000 at the time of the interview.
What Coinbase CEO Said
In the interview, Armstrong said, "I personally think we've seen the bottom of the bitcoin price in this cycle." He added that it will trend up as the market approaches the next halving.
Armstrong also highlighted growth beyond Bitcoin, noting that stablecoin payments on Base, Coinbase's blockchain network, increased 700% year over year. He cited projections for the stablecoin market to reach $3 trillion by 2030 and pointed to payments, tokenization, prediction markets, and agentic finance as key areas for Coinbase in 2027.
Market Analysis from Glassnode
A research note from Glassnode on Wednesday reported that Bitcoin gained 23% over 21 sessions through September 9. The firm found that selling pressure eased as the asset approached a resistance band between $83,000 and $86,000.
The seven-day Sell-Side Risk Ratio stood at 7 basis points per day, down from 16 basis points at the August peak, according to the note.
Verified Information from Sources
Confirmed facts from the sources include:
- Brian Armstrong made these statements in a Bloomberg Television interview on September 10, 2026.
- Bitcoin was priced around $78,000 on that day.
- Glassnode's data shows a 23% gain over 21 sessions and reduced selling pressure.
Implications for the Crypto Market
Armstrong's views, as the CEO of a major crypto exchange, can influence market sentiment. The potential uptrend and halving event are factors that Bitcoin investors often monitor. Stablecoin growth on Base indicates broader adoption in payments and other financial activities.
