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Armstrong joins Jack Dorsey and Cathie Wood in calling for explosive BTC growth, with Ark Invest projecting as high as $3.8M by decade’s end.
Updated Aug 20, 2025, 9:28 p.m. Published Aug 20, 2025, 9:28 p.m.
Coinbase CEO Brian Armstrong said that bitcoin
could hit $1 million per token by the end of the decade, adding his voice to a growing chorus of high-profile crypto advocates calling for explosive growth.
“I think we’ll see $1 million per bitcoin by 2030,” Armstrong said in a post on X this week while promoting his appearance on the Cheeky Pint podcast. The prediction is notable because Armstrong rarely offers public price targets.
He isn’t alone in expecting such a surge. Jack Dorsey, who ran X (formerly Twitter) until 2021 and co-founded payments firm Block (formerly Square), has also said bitcoin could reach $1 million by 2030 and likely move higher beyond that milestone.
Meanwhile, Cathie Wood’s Ark Invest revised its long-term outlook last month, raising its decade-end projection to as high as $3.8 million, citing increased institutional adoption as the main driver.
The optimism comes at a time when bitcoin has been setting records. The token is trading at $114,383, up 22% this year, after touching a new all-time high above $124,000 last week. The rally has strengthened arguments that bitcoin is consolidating its role as a hedge against inflation and an alternative to traditional safe-haven assets like gold.
Some investors see major moves happening sooner. Anthony Scaramucci, founder of SkyBridge Capital, said on CNBC on Aug. 19 that bitcoin could climb to between $180,000 and $200,000 within the next five months, adding that even that outlook may prove conservative.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.
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