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Coinbase CEO Brian Armstrong Says $60,000 Is the Bottom for Bitcoin. Where Does BTC Go From Here?

The Motley Fool·
Coinbase CEO Brian Armstrong Says $60,000 Is the Bottom for Bitcoin. Where Does BTC Go From Here?

Coinbase CEO Brian Armstrong predicted in June that Bitcoin hit a bottom at $60,000. With Bitcoin currently trading at $64,000, analysts suggest it could reach $100,000 within 12 months, supported by Bitcoin's historical four-year cycle pattern and increasing institutional adoption through spot Bitcoin ETFs. However, a recent poll showed mixed sentiment, with 56% of respondents skeptical about the bottom being in, citing risks from geopolitical tensions and inflation.

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