"Coinbase CEO Brian Armstrong believes Bitcoin could reach $1 million per coin by the end of this decade - but only if policymakers hold the line against bank lobbyists trying to choke the industry. "I think Bitcoin could reach $1M by ~2030 based on current conditions and progress," Armstrong posted this week along with an interview on Fox Business. Armstrong pointed to regulatory clarity, U.S. government Bitcoin reserves, and ETF adoption as key drivers of demand."
"His optimism comes as Congress works with two major pieces of crypto legislation: the Genius Act, providing rules for stablecoins was signed into law earlier this year, and the broader Clarity Act, which establishes market structure for all non-stablecoin assets. Armstrong, who has been roaming Capitol Hill to advocate for the measures, called the legislation "historic" and credited President Donald Trump and Sen. Bill Hagerty (R-TN) for pushing the U.S. toward becoming the "crypto capital of the world.""
"But he warned that big banks are already trying to derail progress. Their latest target: banning rewards programs tied to stablecoins and bitcoin, which threaten the lucrative credit card rewards industry. "Every company should be able to have reward programs, just like credit card points or airline miles," Armstrong said on Fox Business. "For [the banks] to come in and try to ban that in the crypto industry is them trying to block their competition, I think most members of the Senate are not going to do a big bailout for the banks.""
Bitcoin has potential to reach $1M by 2030 if policymakers hold the line against bank lobbying. Regulatory clarity, U.S. government Bitcoin reserves, and ETF adoption are cited as primary demand drivers. Congress is advancing the Genius Act to regulate stablecoins and the Clarity Act to establish market structure for non-stablecoin digital assets. Legislative momentum and executive branch support aim to position the United States as a global crypto hub. Major banks are pushing to ban rewards programs tied to stablecoins and bitcoin, targeting credit card rewards revenue. Crypto rewards and instant settlement challenge legacy banks' closed networks and swipe-fee model.
Read at Bitcoin Magazine
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