Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000
CoinDesk·
60-second summary
Coinbase CEO Brian Armstrong asserts that his instinct suggests bitcoin has likely hit its floor at around $60,000, referencing the cryptocurrency's four-year cycle, which has historically marked lows. This cycle suggests that bitcoin's price may have stabilized, potentially paving the way for future growth, a notion that could boost investor confidence in the market.
Armstrong said his instinct is that bitcoin has probably found its floor, pointing to the four-year cycle that has historically marked lows.