Coinbase CEO Brian Armstrong Says Bitcoin Will Likely Hit $400,000 By 2030

Coinbase CEO Brian Armstrong has said that it’s “very likely” Bitcoin will hit between $300,000 to $400,000 by 2030. 

Speaking on Fox Business Thursday, the crypto entrepreneur also said that the U.S. was moving in the right direction with crypto legislation following a meeting at the White House. 

President Donald Trump on Wednesday hosted crypto executives and traditional finance bigwigs at the White House and urged for lawmakers to move forward with the Clarity Act. Bitcoin surged following the news and was recently up 10% over the past day after blowing past $72,000 per coin. 

“I think over the next couple of years — if I say 2030 — I think it’s very likely we’ll see $300,000 and $400,000 Bitcoin and we’ll see how it goes,” Armstrong said. 

He added: “Just yesterday, we had this meeting with the president and the top regulators at the SEC and CFTC and that was the big topic of conversation — there was a big sense of urgency from this administration: let’s get Clarity done, let’s get it over the line.”

A number of lawmakers were hoping to vote on the Clarity Act in August but after a delay, a vote will now go ahead in September. 

The long-awaited bill will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation that the crypto industry has long called for.