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      Coinbase CEO Predicts Bitcoin Price Recovery

      Brian Armstrong, the CEO of Coinbase Global, has expressed confidence that Bitcoin has reached its lowest point in the current market cycle. In a recent media interview, he stated, "I personally think we've seen the bottom of the Bitcoin price in this cycle," and he anticipates a price increase over the next two years. As of September 10, Bitcoin is trading at approximately $78,000, reflecting a nearly 25% rise since the end of August.

      Armstrong's optimism comes after a significant downturn in Bitcoin's value, which saw it drop from an all-time high of $126,000 to a low of $58,000 by the end of June 2026. He does not foresee another decline until the next Bitcoin halving event, expected in about two years. The current rally in Bitcoin and other cryptocurrencies, including Ethereum, has outpaced the performance of U.S. stocks, which have remained relatively flat since late August.

      In addition to Bitcoin's recovery, Armstrong highlighted a substantial increase in stablecoin payments at Coinbase, which have surged by 700% year-over-year. He noted that the stablecoin market is projected to reach $3 trillion by 2030, with growth opportunities in areas such as payments, tokenization, prediction markets, and agentic finance. Despite these positive developments in the crypto market, Coinbase's stock has seen a decline of 45% over the past year, currently trading at $174.72 per share.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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