Coinbase CEO Brian Armstrong (브라이언 암스트롱) reaffirmed his long-term optimism on Bitcoin despite recent market volatility. On June 15, blockchain media outlet U.Today reported Armstrong called Bitcoin a new digital gold and a core pillar of the digital economy.

Armstrong said the digital asset market moves in cycles and that Bitcoin’s long-term fundamentals are stronger than ever. He said Bitcoin will become an important part of the economy and that he remains bullish.

Armstrong also presented a past chart titled "Bitcoin’s four-year cycle". The chart shows bull and bear markets alternating since 2011, and the mid-2026 section was marked with a question mark.

He said the worst phase of the recent downturn may already be over. He judged it likely Bitcoin has formed a bottom around $60,000, but added that no one can be certain.

Armstrong predicted Bitcoin would trade at a much higher price in 2030 than it does now. He also said he continues to maintain a Bitcoin buying position.

He drew a line at the view that Bitcoin’s price represents the health of the entire Web3 industry. Armstrong said even if Bitcoin falls, the broader crypto market does not necessarily weaken in tandem, adding that derivatives, perpetual futures, stablecoins and prediction markets are instead growing.

He stressed those changes do not weaken Bitcoin’s role. He said the recent trend is one of the many cyclical phases everyone has gone through, and that Bitcoin remains important.

On June 15, Bitcoin rose 2.0 percent on easing geopolitical tensions. Armstrong’s remarks are interpreted as a message that puts more weight on long-term direction than short-term prices even as investor sentiment has recently shifted.