The CEO of Coinbase Global (NASDAQ: COIN), Brian Armstrong, remains optimistic about Bitcoin potentially hitting $400,000 by 2030. He reiterated this prediction during an interview on September 19 with MoneyRehabPodcast, emphasizing his analysis based on Bitcoin’s historical market cycles. Approximately every four years, the network reduces the influx of new $BTC into circulation.
Historically, these halving events have often led to significant price surges followed by major corrections, sometimes lasting close to a year. Armstrong suggested that a similar trend could propel Bitcoin to nearly three times its all-time high by 2030.
He noted that this projection hinges on Bitcoin mirroring its past behavior, clarifying that prior market trends cannot definitively predict future outcomes. Thus, the target should be viewed as a likely scenario rather than a guaranteed forecast.
As of September 25 at 16:01 WIB, Coinbase shares traded at $198.85, reflecting a slight decrease of 0.18% over the last 24 hours. The crypto exchange’s market capitalization stood at $52.27 billion, with COIN’s trading range over the past year fluctuating between $141.09 and $387.27.
Coinbase Introduces Fixed Bitcoin Loans While ETF Investments Surge by $2.4 Billion
Coinbase is also enhancing its lending services by launching fixed-rate USDC loans backed by Bitcoin. Borrowers will know their interest rate and repayment timeline upfront, avoiding fluctuations based on market conditions.
This new offering utilizes Morpho Midnight, a decentralized lending framework that was rolled out in July. The protocol does not hold customer funds and ensures transparent lending through predetermined interest rates and payment terms. All network transactions will be processed on Base, Coinbase’s second-layer blockchain that operates on Ethereum.
Additionally, Coinbase offers a variable-rate lending product named Morpho Blue. This product adjusts borrowing rates according to market liquidity and demand, causing customers to incur higher costs when borrowing activity increases.
The fixed-rate loans will complement the existing offerings rather than replace them. Currently, Coinbase’s variable-rate lending market boasts over $1.4 billion in active loans, with collateral nearing $3 billion.
The demand for spot Bitcoin ETFs has notably surged. According to The Block, citing SoSoValue data, U.S. funds attracted $2.4 billion in net inflows during the week ending September 25, marking their most substantial weekly gain since October 2025.
A significant portion of this influx occurred on Monday, with the 12 Bitcoin ETFs monitored by SoSoValue gathering $999 million in just one day. This set a new daily record since October 6, 2025, and is recognized as the ninth-largest single-day inflow since the inception of U.S. spot Bitcoin ETFs in January 2024.
This wave of investments has pushed year-to-date net inflows to approximately $934.1 million, reversing earlier losses where funds had reported net outflows of around $5.8 billion as of July 13.
Since their introduction, these funds have accumulated about $57.6 billion in net inflows, with total net assets reaching around $108.4 billion as of the last report.
Bloomberg ETF analyst Eric Balchunas attributes this shift in fund flows to the Treasury’s strategy of increasing purchases of long-term Treasuries.
Pete Hegseth Discloses Bitcoin Holdings Amid Rising Household Cash Balance
Defense Secretary Pete Hegseth has revealed his personal Bitcoin investments. According to his latest annual ethics report for 2025, he holds over $3.1 million in total assets, which includes cash, retirement accounts, and $BTC.
The report notes that more than $1 million is held in one bank account. Hegseth, a former Fox News anchor appointed Defense Secretary in January 2025, is currently facing impeachment calls from some members of his party due to his management of the conflict with Iran.
He possesses five retirement accounts valued between approximately $2.05 million and $4.35 million. Three of these accounts belong to him and are estimated to be worth between $500,000 and $1.25 million.
In contrast, his spouse, Jennifer Hegseth, owns two Rollover IRAs valued between $1.55 million and $3.1 million.
The couple has disclosed three cash accounts, with one labeled as “worth more than $1 million.” Their Bitcoin investments are valued between approximately $16,000 and $65,000.
The diverse figures within the federal disclosure make year-over-year comparisons challenging. In Pete’s nomination form from December 2024, the total financial assets were reported between $1.4 million and $3.4 million, while the recent filing indicates a minimum of $3.1 million with no specified maximum for the largest cash account.
The noteworthy change lies in the bank balance. His previous disclosure mentioned an account termed “U.S. Bank #2” with a valuation between $15,001 and $50,000; the current listing shows this account surpassing $1 million.