Armstrong Still Long $BTC, Still Loud: Coinbase CEO Says Bottom's In, Chill Out

Coinbase CEO Brian Armstrong said he remains "as bullish as ever on Bitcoin," reaffirming a long-term bullish stance as $BTC trades above $65,000. In a post on X, Armstrong stated he is "still long" on the $BTC price and shared a chart of Bitcoin's four-year market cycle, noting that "it's never as good or bad as it seems" and that crypto market sentiment can become highly emotional during rallies and declines. The remarks come after $BTC dipped to around $60,000 in recent weeks, a level Armstrong suggested represents the bottom.

In a video accompanying the post, Armstrong expanded on his outlook, reiterating his view of Bitcoin as "the new digital gold" and predicting that the asset will grow into a more important component of the global financial system. "I think it's going to be a key part of our economy going forward into the future," he said. He framed the current cycle as consistent with historical Bitcoin halving-driven patterns and urged investors to weigh long-term contribution over short-term volatility.

Armstrong's comments arrive as Bitcoin, the largest cryptocurrency by market capitalization, continues to recover from its sub-$60,000 dip. He pointed to Bitcoin's programmed scarcity and its fixed supply schedule as structural features that distinguish it from traditional assets, and he projected a major upside for $BTC by 2030 without specifying a price target.

The Coinbase chief has consistently advocated for clearer crypto regulation in the United States and has positioned Bitcoin as a core holding for long-term investors. His latest remarks add to a series of public statements from industry executives maintaining constructive multi-year outlooks for $BTC despite periodic drawdowns.