The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Coinbase CEO Brian Armstrong identified $60,000 as the current floor for Bitcoin, citing halving cycles as a key factor. He stated that Bitcoin's long-term price performance will primarily serve as a measure of inflation fears and is unlikely to drop below the $60,000 level. This optimism is driven by the emergence of financial institutions as a new class of holders who are less prone to panic selling.