Coinbase CEO Says Bitcoin Can Reach $1M. Far-Fetched Dream or Future Reality?

The CEO of the largest U.S. crypto exchange, Coinbase, Brian Armstrong, states that the worth of Bitcoin (per coin) could reach $1 million by 2030. Currently, Bitcoin's price is $111,610.30 USD, which is well below one million. To make that huge jump, a lot of things need to change. However, Armstrong believes it's possible because some changes are already starting to happen. These include increased trust from governments, easier regulations, growing investors, ETFs, and more. Now, why should you care about the news? If Bitcoin goes full-on mainstream, it could one day become just like gold or stocks (a good investment option for you). So, here’s why he thinks progress is near.  

Government Involvement in Bitcoin

March 6, 2025, U.S. President Donald Trump signed an "executive order to create a strategic reserve of bitcoin," citing the government's interest and trust in bitcoin. This means that the U.S government is officially buying and holding bitcoin. 

This order is massive because governments before were skeptical and felt sketchy about it. According to Coinbase's website, they are apparently working with 145 U.S. government entities and 29 international government entities. 

Ease of Regulation Around Bitcoin...

Previously, there were several speculations about buying Bitcoin. Is it even legal? If someone purchases it, how should it be taxed? Should banks be allowed to use Bitcoin? And more. 

In 2014, JPMorgan CEO Jamie Dimon, in an interview with CNBC, said, "It’s a terrible store of value, it can be replicated over and over. It doesn’t have the standing of a government." 

Later in 2017, BlackRock CEO Larry Fink said, “Bitcoin is an index of money laundering.” 

According to Armstrong, rules and regulations are becoming clearer. With regulations easing, big investors like pension funds, insurance companies, and hedge funds feel more comfortable investing in Bitcoin. 

He says, big investors only put about 1% of their portfolio in Bitcoin, but now with more precise regulation, they could increase that to 5–10%. 

ETFs (Exchange-Traded Funds)

Armstrong emphasises how ETFs are a game-changer. He says that since Bitcoin ETFs launched, investing in Bitcoin has become simple and mainstream. ETFs allow regular people to easily buy Bitcoin without having to handle it directly. 

Final Thoughts...

Two big questions restrained people from investing in Bitcoin for a long time. What if governments ban Bitcoin someday? What if the Bitcoin code has a big bug and everything is gone?

However, Armstrong says that these risks are now smaller. Why? Because the changes are already happening, and $1 million is attainable by 2030. There is a shift in the government's trust, and that risk is much smaller. But there is a need to upgrade to post-quantum cryptography, meaning a super-secure encryption. So, no supercomputer can break into Bitcoin’s encryption.