Regulatory clarity and global adoption of digital assets could propel Bitcoin’s price to $1 million. This view was shared by Coinbase CEO Brian Armstrong during Stripe’s Cheeky Pint podcast.
He highlighted the recently enacted GENIUS Act and CLARITY Act. The former regulates stablecoins, while the latter establishes a comprehensive regulatory framework for the industry. According to Armstrong, their adoption by the end of the year will be significant.
The Coinbase chief also noted the formation of a strategic Bitcoin reserve. Five years ago, such an idea seemed unthinkable, he emphasized.
“Someone would have called you crazy if you seriously claimed that the U.S. government would officially hold Bitcoin,” Armstrong said.
Eric Trump, son of the U.S. President, stated that he expects Bitcoin’s price to rise to $1 million. At a blockchain conference in Wyoming on August 19, he called himself a “Bitcoin maximalist,” reports CoinDesk.
Trump also mentioned that he now spends 50% of his time on crypto projects. He is a co-founder of World Liberty Financial and the miner American Bitcoin. Previously, the president’s son urged buying the first cryptocurrency at lows and recommended investing in Ethereum.
Who Else Believes in Bitcoin at $1 Million?
In January 2024, Ark Invest founder and CEO Cathie Wood stated that in a bullish scenario, the first cryptocurrency could reach $1.5 million by 2030. She later reaffirmed her forecast.
In March this year, former BitMEX CEO Arthur Hayes expressed a similar opinion. According to him, the price of digital gold will rise to six figures thanks to Trump’s policies.
Blockstream co-founder and cypherpunk Adam Back in May described Bitcoin’s price as “unjustifiably low.” He noted that in the current four-year market cycle, it will rise to $500,000 or even $1 million.
“For me, there is no obvious logical reason why we are only at $100,000. It’s not very high, considering all the changes compared to a couple of years ago,” the expert said at the time.
Analyst’s Opinion
McKay Research founder and analyst James McKay urged Bitcoin supporters not to get ahead of themselves in predicting the asset’s future price.
*BULLISH*
Coinbase CEO Brian Armstrong said he believes #Bitcoin could reach $1 million by 2030.
For context Standard Chartered have a 500K $BTC prediction for 2028, so $750K to $1 million by 2030 not out of left field.
But let’s try and hold 124K first guys. pic.twitter.com/xtBmqnmTbz
— James McKay (@McKayResearch) August 21, 2025
“Let’s try to hold the $124,000 level first, guys,” he wrote.
However, the expert stated that Armstrong’s forecast is “not something out of science fiction,” considering that Standard Chartered expects digital gold to rise to $500,000 by 2028.
In the past 24 hours, the first cryptocurrency has depreciated by 0.4%, according to CoinGecko. At the time of writing, the asset is trading at $113,108.
On August 20, Andre Dragos, head of European research at Bitwise, stated that the inclusion of digital assets in U.S. retirement plans could push Bitcoin’s price to $200,000 by the end of the year.
Bernstein believes that the cryptocurrency will reach this mark only by 2027.