Coinbase CEO Brian Armstrong said he expects Bitcoin to reach $1 million by 2030. He made the statement during the “Cheeky Pint” podcast with John Collison.
Armstrong explained that the United States plays a leading role in crypto regulation. He called it a “bellwether for the rest of the G20.”
According to him, recent U.S. actions such as the Genius Act for stablecoins and the market structure bill debated in the Senate could shape the future of the Bitcoin price.
He also mentioned the creation of a U.S. Strategic Bitcoin Reserve. Armstrong said that years ago it was difficult to imagine the government holding Bitcoin, but today it is part of official reserves.
On the same day, Eric Trump spoke at the Wyoming Blockchain Symposium. He said,
“You go out a couple of years, there’s no question Bitcoin hits a million bucks.”
Analyst Cautions on Bitcoin Price Levels
James McKay, researcher at McKay Research, reacted to the prediction. He urged that the focus should remain on the Bitcoin price holding above $124,000 before considering longer-term targets.
McKay posted on X,
“Let’s try and hold 124K first guys.”
His comment came after Bitcoin set a new all-time high of $124,128 last week but then fell to $112,676, a 9% decline.
Data from CoinMarketCap shows Bitcoin is down 2.42% in the past 30 days. McKay said Armstrong’s forecast is not without basis since Standard Chartered predicts Bitcoin could rise to $500,000 by 2028.
He added that institutional demand, nation-state Bitcoin buying, and growing interest in spot Bitcoin ETFs continue to support the market.
Risks, however, include the Federal Reserve delaying interest rate cuts and possible policy changes from the next U.S. administration.
Multiple Executives Support $1M Bitcoin Forecast
Other executives have also shared a $1 million Bitcoin outlook. In February 2025, ARK Invest CEO Cathie Wood said Bitcoin could hit $1.5 million by 2030 in her firm’s “Bull Case” scenario.
In May 2024, Jack Dorsey, co-founder of X, predicted Bitcoin would reach $1 million by 2030 and could increase further.
However, Galaxy Digital CEO Mike Novogratz described a near-term $1 million Bitcoin price differently.
Speaking on the Coin Stories podcast with Natalie Brunell, he said, “It only gets there if we’re in such a shitty place domestically.”
Novogratz argued that a sudden move to a $1 million Bitcoin price would reflect deep U.S. economic stress rather than market strength.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: August 4, 2025 • 🔄 Last updated: August 4, 2025
