Coinbase Armstrong sees Bitcoin floor near $60K

• Coinbase Chief Executive Brian Armstrong said Bitcoin (CRYPTO:BTC) has likely bottomed near US$60,000.
• Bitcoin traded above US$66,000 after recovering from a June low of about US$59,743 and gaining nearly 3% over 24 hours.
• Armstrong linked his view to Bitcoin’s historical four-year halving cycle and said he expects higher prices by 2030.

Bitcoin (CRYPTO:BTC) may have found a price floor near US$60,000, according to Coinbase Chief Executive Brian Armstrong, who said the cryptocurrency has likely bottomed after rebounding from a recent low of US$59,743.

The comments came as Bitcoin traded above US$66,000 on Monday, up nearly 3% over 24 hours, after the United States and Iran reached an agreement to reopen the Strait of Hormuz, while the token remains about 50% below its October 2025 record high near US$126,000.

“My instinct is we probably have bottomed at this point, maybe at the sixty K number, but nobody can say for sure,” said Coinbase Chief Executive Brian Armstrong.

Armstrong said he remains long Bitcoin and described the asset as “the new digital gold”, while also pointing to the cryptocurrency’s historical four-year halving cycle as a framework for assessing the current market downturn.

The Coinbase executive said he expects Bitcoin prices to be significantly higher by 2030, although he acknowledged uncertainty around short-term market direction, and following the announcement the Coinbase share price was unchanged at US$0.00.

Armstrong also argued last week that weakness in Bitcoin’s price was masking strength elsewhere in the digital asset sector, noting that derivatives, stablecoins and prediction markets were continuing to grow.

Meanwhile, on-chain analytics firm CryptoQuant said Bitcoin has entered a historical value zone near its realised price of about US$53,600, but added that demand remains weak and exchange-traded fund flows have yet to stabilise.

At the time of reporting, Bitcoin price was $65,818.04.