“Next Bull Market Is Starting” Says Coinbase CEO as Bitcoin Breaks $75,000
TLDR
- Bitcoin climbed above $75,000, gaining over 11% in 24 hours
- Coinbase CEO Brian Armstrong says crypto may be at the start of its next bull market
- The CLARITY Act faces a procedural Senate vote on September 15
- US spot Bitcoin ETFs pulled in $517 million on August 19, their best day since May
- Armstrong predicts Bitcoin could reach $300,000 to $400,000 by 2030
Bitcoin is trading above $75,000 and the CEO of one of America’s biggest crypto exchanges thinks the next bull run may have already begun.
Brian Armstrong, CEO of Coinbase, told CNBC on August 20 that the crypto market is “likely at the starting point of the next bull market.” He pointed to three main reasons: how long the current downturn has lasted, an upcoming Senate vote on crypto legislation, and Bitcoin’s historically strong performance in the final months of the year.
🔥BOLD CALL: Coinbase CEO Brian Armstrong says Bitcoin is “very likely” to reach $300,000 to $400,000 by 2030.
He cited improving U.S. crypto regulation following this week’s White House meeting. pic.twitter.com/LIseUuY9RV
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