Coinbase Chief Executive Officer Brian Armstrong has projected that Bitcoin could reach between $300,000 and $400,000 by 2030, describing the outcome as very likely. He shared the view during an appearance on Fox Business Network’s Varney & Co. program, linking the long-term outlook to recent market gains and advancing U.S. regulatory efforts.

Bitcoin climbed above the $72,000 level in the days surrounding Armstrong’s comments, with gains approaching 10 percent over a 24-hour period. The move followed a White House gathering hosted by President Donald Trump that brought together senior figures from the cryptocurrency industry and traditional finance.

White House Meeting and Regulatory Momentum

Armstrong attended the Wednesday meeting, which included top officials from the Securities and Exchange Commission and the Commodity Futures Trading Commission. He described a clear sense of urgency within the administration to finalize the long-debated CLARITY Act.

Trump subsequently called on Congress to advance the legislation, characterizing it as a very, very powerful measure. The bill, previously eyed for an August vote, is now expected to face action in September. A procedural vote is scheduled for September 15 after senators return to Washington.

The CLARITY Act seeks to establish a clearer framework for classifying digital assets as securities, commodities, or payment stablecoins. Industry participants have long sought greater certainty over the respective roles of the SEC and CFTC. Progress had slowed earlier in the year amid disagreements between banking groups and crypto firms, particularly around yields offered on stablecoins. Some banks expressed concern that attractive returns could draw deposits away from traditional institutions.

Armstrong noted that opposition is not universal. Many banks, he said, recognize that the legislation would grant them new authorities and opportunities to expand through the technology. A smaller number of institutions remain opposed.

Signs of a New Market Phase

In a separate discussion, Armstrong stated that the cryptocurrency market is likely at the starting point of its next bull phase. He cited the duration of the recent downturn, noting that prior bear markets typically lasted roughly 370 to 380 days, as one supporting factor. He also identified the upcoming Senate action on the CLARITY Act as a key near-term event for the industry.

Historical patterns in the final three months of the year have often delivered solid returns for Bitcoin, though past performance offers no guarantee of future results. The April 2024 halving, which cut the block reward to 3.125 BTC, continues to form part of the broader cycle context under current liquidity and regulatory conditions.

Supporting demand has come from U.S. spot Bitcoin exchange-traded funds, which recorded $517 million in net inflows on August 19. Forced closures of leveraged short positions added further upward pressure during the breakout above earlier resistance levels near $65,000 to $67,000.

Coinbase Business Context

Bitcoin trading now accounts for about 12 percent of Coinbase’s revenue as the company continues to broaden its offerings into derivatives, stablecoins, prediction markets, and tokenization. Armstrong has also pointed to emerging areas such as agentic finance, in which artificial intelligence systems may execute transactions independently. The exchange is preparing to introduce tokenized equities in Abu Dhabi for non-U.S. customers.

Coinbase shares advanced alongside the broader market move, trading near $171 at one point on August 20. The company reported a net loss of $359 million for the second quarter while subscription and services revenue reached $555 million.

As lawmakers prepare for the September procedural vote, attention remains focused on remaining points of negotiation, including stablecoin rewards, anti-money-laundering provisions, and the precise division of oversight between federal agencies. Passage would still require reconciliation between House and Senate versions before the measure could reach the president’s desk.