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.
In a proactive move to secure the future of digital assets, Coinbase has announced the development of a post-quantum custody system for Bitcoin.
Read the full storyBrian Armstrong argues that Bitcoin's price performance will primarily act as a measure of market anxiety regarding fiat currency devaluation.
CEO Brian Armstrong cites halving cycles to establish a $60,000 support level for Bitcoin, amid mixed sentiment and on-chain data skepticism.