Armstrong's intuition indicates that bitcoin may have reached its lowest point, referencing the historical four-year cycle that has defined market lows.
By Shaurya Malwa|Edited by Jamie Crawley Jun 15, 2026, 1:30 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Brian Armstrong, CEO of Coinbase, expressed his belief that bitcoin has likely reached a low point at around $60,000, while acknowledging the uncertainty involved.
- Armstrong, who refers to bitcoin as “the new digital gold,” maintains a long position in the cryptocurrency and anticipates significant price increases by 2030 despite recent declines.
- After a drop below $60,000, bitcoin has risen to over $66,000, but analysts caution that weak demand and fluctuating ETF inflows suggest that a price floor does not ensure a sustained recovery.
According to Coinbase's Brian Armstrong, bitcoin BTC$66,395.63 may have found its lowest point close to $60,000.
In a video shared on X, Armstrong stated, "My instinct is we probably have bottomed at this point, maybe at the sixty K number, but nobody can say for sure." He also mentioned that he remains committed to bitcoin and expects its price to rise considerably by 2030.
"I believe bitcoin is the new digital gold," he stated.
I’m as optimistic as ever about Bitcoin, and still maintaining my long position (as always).
— Brian Armstrong (@brian_armstrong) June 15, 2026
It’s never as good or bad as it seems. pic.twitter.com/AeRmUJsNt3
On Monday, bitcoin was trading above $66,000, marking a nearly 3% increase within 24 hours, following an agreement between the US and Iran to reopen the Strait of Hormuz. The cryptocurrency had previously dipped to a low of approximately $59,743 on June 5, its lowest since October 2024, before recovering.
Armstrong cited bitcoin’s four-year halving cycle, which has historically alternated between periods of growth and decline at regular intervals, as a useful framework for interpreting the current downturn. Bitcoin's value is currently about 50% lower than its all-time high of nearly $126,000 achieved in October 2025.
Last week, Armstrong suggested that the recent decline in bitcoin’s price was concealing a healthier state in the overall crypto market. He noted on X, "Derivatives, stablecoins, prediction markets are all up. It will take some time for this to sink in."
While Armstrong's assessment suggests a bottom, it comes with the same caution that data presents. Onchain analysis firm CryptoQuant indicated last week that although bitcoin has entered a historically undervalued zone near its realized price of about $53,600, demand conditions remain significantly negative, and ETF inflows have yet to stabilize. Establishing a price floor and confirming a recovery are distinct processes, and traders will need to monitor macroeconomic catalysts for clearer direction.