Bitcoin Could Hit $300,000 by 2030, Says Coinbase CEO Brian Armstrong. Here's Why He's Right.
If it is able to maintain its historical rate of growth, Bitcoin could triple in price by 2030.
Overview
Bitcoin (CRYPTO: BTC) rose 25% in August. That's making a lot of investors giddy about where Bitcoin could be headed next. Is the next big breakout coming soon?
Coinbase Global CEO Brian Armstrong seems to think so. Speaking recently on the Fox Business Network, he suggested that it's "very likely" Bitcoin could reach $300,000 to $400,000 by 2030.
Details
Of course, a lot will need to go right for that to happen. For one, Bitcoin needs to maintain its upward momentum to end the year around the $100,000 price level. That will likely be enough to regain the attention of retail and institutional investors.
Source
Originally published at www.fool.com.
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