Bitcoin Price Will Reach “Multi-Million” Levels, Says Coinbase CEO

At the beginning of the week, Bitcoin set a new all-time high of just over $109,000. For Coinbase CEO Brian Armstrong, this is a foretaste of the “multi-million” that Bitcoin will one day be worth.

Donald Trump began his term as US President on Monday and a few hours earlier the Bitcoin price curve exceeded the $109,000 mark for the first time in its history. This seems to lay the foundation for a successful BTC year in 2025.

Brian Armstrong, CEO of the crypto exchange Coinbase, is using this situation to make a Bitcoin forecast that is guaranteed to make headlines. In a TV interview, Armstrong said that we are currently experiencing the “dawn of a new day for crypto” and “over time we will see Bitcoin advance into multi-million dollar price ranges.”

If Bitcoin is doing well, things are also going well for Coinbase

Armstrong is one of the best-known top representatives of the crypto industry beyond the USA and is naturally very interested in ensuring that Bitcoin’s triumphal march does not end. He co-founded Coinbase in 2012 and, like its competitors, the crypto exchange earns good money from the fees for trading Bitcoin and altcoins. Armstrong avoids more precise annual figures and BTC prices for his forecast, but bets on seven-digit levels with “multi-million”. His arguments are not particularly original, but summarize developments that were already emerging in Bitcoin 2024 :

– Bitcoin ETFs have been generating significant capital inflows since January 2024 and bringing new groups of buyers to BTC.

– This means that more and more institutional investors are getting involved in Bitcoin; the first US pension funds, for example, are adding BTC ETFs to their portfolios.

– During the election campaign, President Trump promised the creation of a state Bitcoin reserve, which could trigger a global trend.

– This would then encourage other countries to create their own Bitcoin reserves following the example of the USA, said Armstrong.

According to Armstrong, Bitcoin will become “the new gold standard,” “but crypto is really much bigger than that.” Something similar was recently heard from investment legend Marc Cuban, for example, who predicts Bitcoin will become a ” world currency,” driven by Trump’s plan for a BTC reserve. Michael Saylor is also far ahead in the race for the BTC forecast with the highest numbers.

In September 2024, the head of MicroStrategy calculated on television how BTC would reach a price of $13 million in 2025. Saylor also has a vested interest in Bitcoin prices rising as much as possible; after all, his company MicroStrategy now owns a good two percent of all BTC, making it the largest single owner worldwide. Like Coinbase, MicroStrategy is also listed on the stock exchange and its share prices are closely aligned with Bitcoin price developments.

Conclusion: Is Bitcoin unstoppable? Market participants are brimming with optimism
One of the first to believe that BTC could be valued in the millions was the infamous John McAfee. In 2017, he linked his prediction on X (then Twitter) with the statement that he would “eat his penis” if BTC did not reach $1 million by the end of 2020. McAfee died in a Spanish prison in 2021, but his macho comment about Bitcoin and sexual organs remained unforgettable.

In our archive, the most optimistic forecast comes from the investment house VanEck, which expects prices of $52 million for Bitcoin in 2050 in an optimal scenario. You can see that in the medium and long term, market participants and analysts still see a lot of room for improvement in the Bitcoin price curve – and are happy to ignore risks.

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(Featured image by Leamsii via Pixabay)

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