Bitcoin, the leading cryptocurrency, continues to control discussions between investors and industry experts despite the recent fluctuations in the market. After reaching the highest level ever at $ 109,000 a few days ago, his upscale momentum slowed, re -igniting discussions about his long -term capabilities.
During an interview at the World Economic Forum in Davos, Switzerland, Brian Armstrong, CEO of Coinbase, is one of the most influential people in the field of encrypted currencies, spoke about the future horizons of Bitcoin.
@coinbase The CEO expects #Bitcoin It will reach several million
Do you read?
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– Queen Kodix (@Coincodex) January 24, 2025
“We have seen amazing growth, and I think it has reached its highest level ever yesterday, so we are satisfied with it.” He told CNBC. “I think over time, we will see Bitcoin’s arrival to the price range between millions and millions.”
He supported his words with three concrete reasons:
- Bitcoin is increasingly witnessed by institutional investors
- Bitcoin ETF boxes brought a huge flow of flow
- Trump’s promise to build a strategic bitcoin reserves would push many other countries to do the same
It is reported that although Bitcoin is still not ready for such adoption on a large scale, it may be the criterion to move forward: “I think Bitcoin has a long way to cut it.
Since the launch of the Instant Bitcoin Investment Funds in January 2024, the price has increased steadily, and finally broke the $ 100,000 barrier on December 12 – a prominent sign celebrated by the cryptocurrency community around the world. Since then, Bitcoin has continued to overcome borders, recently achieved the highest new level ever at $ 109,000. If this upward path continues, Armstrong’s expectations are likely to be fulfilled.
