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In a new interview on Sep. 10, Coinbase CEO Brian Armstrong reaffirmed his Bitcoin price target of $400,000 by 2030:
"The short answer is yes. I do think that that's a reasonable target by 2030."
More important than the price prediction itself are the factors Armstrong believes could help Bitcoin reach that level over the coming years.
According to Armstrong, Bitcoin could once again follow its roughly four-year market cycle. These cycles typically include a strong rally, a period of euphoria and then a longer correction.