Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000

MarketsCoinbase's Brian Armstrong says bitcoin may have bottomed at $60,000Armstrong said his instinct is that bitcoin has probably found its floor, pointing to the four-year cycle that has historically marked lows.By Shaurya Malwa|Edited by Jamie Crawley Jun 15, 2026, 1:30 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowCoinbase chief executive Brian Armstrong said his “instinct” is that bitcoin likely bottomed around $60,000, while cautioning that no one can be certain.Armstrong, who called bitcoin “the new digital gold,” said he remains long the token and expects its price to be significantly higher by 2030 despite the recent drawdown.Bitcoin has rebounded to above $66,000 after dipping below $60,000, but on-chain analysts warn that weak demand and unstable ETF flows mean a price floor does not yet guarantee a sustained recovery.Coinbase (COIN) CEO Brian Armstrong believes bitcoin BTC$65,659.63 may have bottomed near $60,000."My instinct is we probably have bottomed at this point, maybe at the sixty K number, but nobody can say for sure," Armstrong said in a video posted on X on Monday. He added that he remains long bitcoin and expects prices to be significantly higher by 2030."I think bitcoin is the new digital gold," he said.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 Bitcoin traded above $66,000 on Monday, up nearly 3% over 24 hours, after the US and Iran reached a deal to reopen the Strait of Hormuz. The token touched a low near $59,743 on June 5, its weakest level since October 2024, before recovering.Armstrong pointed to bitcoin's four-year halving cycle, which has historically alternated between bull and bear markets at roughly regular intervals, as a framework for reading the current drawdown. Bitcoin is now roughly 50% below its October …

Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000

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