Coinbase CEO Remains Bullish on Bitcoin, Calls BTC the New Digital Gold

Highlights:

• Coinbase CEO Armstrong said Bitcoin is “digital gold” and remains key to the future economy.
• Armstrong said Bitcoin may have already bottomed near $60,000, but warned nobody knows for sure.
• Armstrong said he expects Bitcoin to trade at a much higher price by 2030.

Coinbase CEO Brian Armstrong has said he remains highly bullish on Bitcoin (BTC), describing the cryptocurrency as the “new digital gold” and a key part of the future economy. Armstrong made the comments in a video posted on X on Monday, where he also discussed Bitcoin’s market cycles, the recent price bottom, and his long-term view through 2030.

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In the video shared on X, Armstrong said Bitcoin continues to strengthen its role as a long-term store of value. He said he believes BTC will become more important in the global economy over time, despite the sharp price swings that often affect the crypto market. “I think Bitcoin is the new digital gold,” Armstrong said. “I think it’s going to be a key part of our economy going forward into the future, so I’m as bullish as ever.”

I’m as bullish as ever on Bitcoin, and still long (as always).

It’s never as good or bad as it seems. pic.twitter.com/AeRmUJsNt3

— Brian Armstrong (@brian_armstrong) June 15, 2026

Armstrong Points to Bitcoin’s Four-Year Market Cycles

Armstrong also talked about Bitcoin’s well-known four-year cycles. These cycles are often linked to Bitcoin’s halving events, which reduce the number of new coins entering the market. Over the years, many investors have watched these cycles to understand bull markets, corrections, and periods when more holders are either in profit or at a loss.

According to Armstrong, some people use these cycle charts to judge market sentiment and possible turning points. He said his own view is that Bitcoin may already have reached its recent bottom, possibly near the $60,000 level.

“My instinct is we probably have bottomed at this point, maybe at the $60K number,” he said. However, he also added that no one can say this with certainty.

Bitcoin’s Digital Gold Narrative Gains Attention Again

The phrase “digital gold” is often used because Bitcoin has a fixed supply and is not controlled by any central bank. Many supporters believe these features make it useful as a store of value, especially in a world where investors are looking for alternatives to traditional assets.

Gold has served that role for centuries. Bitcoin is much newer, but its supporters argue that it offers a modern version of scarcity in digital form. Armstrong’s comments add to that view, especially as institutional interest in Bitcoin remains an important part of the market conversation.

Looking further ahead, Armstrong said he expects Bitcoin to reach a much higher price by 2030. He did not give a specific price target in this video, but he made clear that his long-term position has not changed. “I’m optimistic as always,” Armstrong said. “I think by 2030 we’re going to have a much higher, higher price, and I’m long Bitcoin, just like always.”

BTC Recovers as Peace Reports Calm Market Sentiment

Armstrong’s comments also came at a time when Bitcoin was showing fresh strength in the market. BTC recently moved back above $65,000 after slipping close to $63,600 over the weekend. At the time of writing, Bitcoin was trading near $65,668, after touching an intraday high of about $65,945 and a low of around $63,634.

The rebound followed reports of a possible U.S.-Iran peace deal, which helped calm wider market fears and brought traders back into risk assets. Stocks also moved higher, while oil prices fell as geopolitical pressure started to ease.

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