Coinbase (COIN) head Brian Armstrong expressed his conviction that bitcoin (BTC) has reached its cyclical floor and anticipates upward momentum over the subsequent one to two years ahead of the pioneer digital asset’s upcoming halving.
“I personally think we’ve seen the bottom of the bitcoin price in this cycle,” Armstrong stated during a Bloomberg Television discussion on Thursday. “It’s going to start to trend up over the coming year or two as we reach the next halving event.”
Bitcoin exchanged hands near $78,000 early Thursday, declining 1.7% across a 24-hour window and roughly 38% under its all-time peak of approximately $126,000, according to data from The Block’s BTC price tracking page.
Armstrong’s perspective arrives as the token recovers from its summertime troughs. In an analysis report issued Wednesday, Glassnode noted that the premier cryptocurrency by market capitalization advanced 23% across 21 trading days leading up to September 9. Both the S&P 500 and Nasdaq 100 remained largely unchanged throughout that timeframe.
The analytics provider additionally observed that liquidation pressure has subsided as the currency neared an upper barrier zone spanning $83,000 to $86,000. Its weekly Sell-Side Risk Ratio registered at 7 basis points daily, falling below half of the 16 basis points registered during the August apex, based on the report.
Concurrently, Armstrong highlighted expansion outside of bitcoin, noting that stablecoin transactions utilizing Base climbed 700% compared to the previous year. He additionally referenced forecasts anticipating the stablecoin sector to expand to $3 trillion by 2030, while emphasizing payments, tokenization, prediction markets, and agentic finance as four foundational sectors for Coinbase as it approaches 2027.
Originally published at https://www.theblock.co/news/markets/2026-09-10-coinbase-ceo-brian-armstrong-says-bitcoin-has-bottomed-for-current-cycle-expects-uptrend-over-next-two-years-414104.
