2Coinbase CEO Brian Armstrong has added his voice to the growing list of crypto leaders forecasting a $1 million Bitcoin by 2030. Speaking with John Collison on the “Cheeky Pint” podcast, Armstrong said that clearer U.S. regulations and the possibility of a U.S. Strategic Bitcoin Reserve are laying the foundation for Bitcoin’s long-term growth.Armstrong pointed to the recently passed Genius Act for stablecoins and the ongoing market structure bill debates in the Senate as signals of progress. He called the United States a “bellwether for the rest of the G20,” suggesting that regulatory advancements there could spark similar moves across other major economies.“The rough idea I have in my head is that we’ll see a million-dollar Bitcoin by 2030,” Armstrong said.Analysts urge cautionDespite the optimism, not everyone shares Armstrong’s sky-high outlook just yet. Bitcoin recently slipped to $112,676, down nearly 9% from its all-time high of $124,000. Some analysts argue that before aiming for seven-figure territory, Bitcoin needs to reclaim and sustain levels around $124K.In other words, while the long-term forecast looks bullish, market watchers warn investors not to get ahead of themselves.Balancing Optimism and Market RealityArmstrong’s forecast isn’t an outlier. Influential figures like ARK Invest’s Cathie Wood and Twitter co-founder Jack Dorsey have also suggested Bitcoin could reach seven figures by the end of the decade. Wood even laid out a bullish scenario of $1.5 million by 2030, while Galaxy Digital CEO Mike Novogratz warned that hitting $1 million too quickly could actually signal economic trouble in the U.S.Still, McKay’s cautious tone reflects current market headwinds. The crypto sector faces uncertainty around potential delays in U.S. Federal Reserve rate cuts and concerns over whether the next U.S. administration will be as crypto-friendly. These factors could slow momentum in the near term, even if long-term projections remain strong.Volatility Remains the RuleBitcoin’s recent trading highlights just how volatile the market remains. Over the past 30 days, the price has dipped 2.42%, according to CoinMarketCap. In Indonesian Rupiah, Bitcoin trades around Rp1,854,622,136, with a 7-day swing between Rp1,915,328,918 and Rp1,836,431,817. For investors, these swings are both an opportunity and a reminder to manage expectations.Why $124K MattersFor now, the $124,000 level is more than just a number; it’s a key benchmark that could determine whether Bitcoin can build the next leg of its rally. Armstrong’s million-dollar vision aligns with the broader belief that institutional adoption and regulatory progress will push Bitcoin higher over time. But in the short run, securing stability at recent highs may be the more realistic milestone.
