The Coinbase CEO explained why he believes the bottom might be in for Bitcoin, citing the Bitcoin price cycle: “If you follow crypto, it typically will go through these 4-year-ish cycles. There’ll be a run-up, some euphoria, there’ll be a down period. Most of the down periods last about a year. We’ve actually just come across the 1-year mark for this down period. I personally believe that the bottom is in on Bitcoin in this most recent cycle.”
Armstrong added further basis for why he thinks Bitcoin might have hit a bottom in this current cycle, citing its sustained rise from the July 1, 2026 low of below $60,000 ($57,717). “We’ve already seen it come up from 60K or so, and a lot of people will be watching this Clarity Act, and if it fails, the subsequent rulemaking that comes out after that,” he said.
‘Next year or two going to be good for Bitcoin’
The Coinbase CEO stated a Bitcoin price run-up might precede the upcoming halving event: “Bitcoin halving event that’s, I don’t know, about a year and a half out, and we tend to see run-ups in advance of that.”
The next Bitcoin halving is estimated to take place in mid-April 2028 at block height 1,050,000.
Armstrong was optimistic about the next year or two, saying: “I think the next year or two is going to be good for Bitcoin, and we’ll see what happens.”
At the time of writing, Bitcoin was trading up 1.21% in the last 24 hours to $79,070 following a rise to $82,283 on September 3, 2026.
