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    Bitcoin’s Bright Future: Coinbase CEO Sees 450% Surge Ahead!

    Billionaire Brian Armstrong, the chief executive and founder of Coinbase Global (Nasdaq: COIN), the leading cryptocurrency exchange in the United States, was present at a recent discussion.

    On August 19, Armstrong attended a White House meeting where President Donald Trump reaffirmed his supportive stance on cryptocurrency and called on Congress to approve a “fair version” of the CLARITY Act. This proposed legislation seeks to create a comprehensive regulatory structure for digital assets in the U.S.

    The Treasury also made a significant announcement yesterday indicating plans to increase buybacks of long-term government bonds multiple times. This strategy could ease liquidity concerns in the market.

    Consequently, the cryptocurrency market saw an immediate uptick in activity following these announcements.

    Related: Analyst predicts 1,000% rally for Bitcoin

    Armstrong lauds Trump administration for urgency regarding CLARITY Act

    After Bitcoin (BTC) surpassed the $72,000 mark for the first time in over 2.5 months on August 20, Armstrong was interviewed by Stuart Varney on Fox Business.

    In response to Varney’s question about whether Bitcoin’s rise was tied to the impending passage of the CLARITY Act, the Coinbase chief acknowledged that possibility. He discussed the Senate’s upcoming vote on September 15 and expressed optimism about securing over 60 bipartisan votes in favor of the bill.

    Armstrong noted a “strong sense of urgency” from the Trump administration in wanting to advance the legislation quickly.

    Such developments are fueling Bitcoin’s resurgence and likely signaling the onset of the next cryptocurrency bull market, he added.

    When Varney pressed Armstrong on whether the U.S. is becoming the global hub for cryptocurrency as promised by Trump, the billionaire concurred and credited the president for this progress.

    He highlighted Trump’s initiatives supporting crypto, including an executive order to establish a federal strategic Bitcoin reserve, the GENIUS Act aimed at regulating stablecoins, and the appointments of Paul Atkins and Mike Selig as heads of the SEC and CFTC respectively. He emphasized the necessity for the CLARITY Act to establish clear regulatory standards for the crypto landscape in the country.

    Trending on TheStreet Roundtable:

    Armstrong discusses banks’ concerns regarding the CLARITY Act

    Referring to the resistance from banks to the CLARITY Act, Armstrong mentioned that while institutions like Goldman Sachs, Citi, and BNY have begun to accept it, some banks remain opposed due to fears of competition from the digital asset sector.

    For months now, there has been a clash between the banking sector and the crypto industry over the inclusion of stablecoin rewards in the proposed legislation. Armstrong had notably removed his endorsement for the bill earlier this January amid the heated discussions.

    Related: Explained: What is a stablecoin?

    Banks are concerned these incentives might drive users to withdraw funds from traditional savings accounts in favor of stablecoins, which tend to offer better returns than standard savings rates. The crypto sector argues that banks are acting in an anti-competitive manner.

    Armstrong reiterated this point in his recent interview, asserting that a competitive free market ultimately benefits consumers, and that there’s no need for “protectionist tactics” from a limited number of existing players.

    However, he emphasized that many banks have started to recognize that this situation presents an opportunity rather than a threat.

    Armstrong predicts Bitcoin’s future price by 2030

    Toward the conclusion of the interview, Varney inquired whether Bitcoin could reach $100,000 by year’s end. Armstrong responded with a “good chance” of that occurring and shared his long-term outlook,

    “By 2030, I believe it’s quite possible that Bitcoin will hit between $300,000 and $400,000. Let’s see how it unfolds.”

    BTC/USD, Source: Decibel

    Bitcoin reached its peak price of $126,080 on October 6 of last year. As of now, the cryptocurrency is valued at $72,472 according to Decibel.

    With Armstrong’s 2030 price prediction of $400,000 for Bitcoin, this suggests a potential increase of over 450% from its current valuation level.

    Related: Ripple CEO drops new hint on IPO plan

    This article was initially published by TheStreet on August 20, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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