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Coinbase CEO Brian Armstrong reaffirmed his prediction that Bitcoin could reach $400,000 by 2030 during an interview conducted on September 10.
Armstrong stated that this figure is a reasonable target for the coming decade, citing specific market cycles and regulatory developments as key drivers.
Armstrong outlined his belief that Bitcoin is following its historical four-year market cycle, which typically features a strong rally, a period of euphoria, and a subsequent longer correction.
He argued that the current downturn is approaching its end, noting that most down periods last about a year and that the market has just crossed the one-year mark for the current decline.
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