Coinbase CEO sees Bitcoin at $400,000, but first it has to clear $81,000
- Brian Armstrong has gazed into the hash manifest and decreed the bottom is in — personal opinion, not a Coinbase forecast, which is corporate for "don't sue me if this cooks." $400K by 2030, a "reasonable target" — sure, and my PoD seal is stack-eyed and sacred. Meanwhile Bitcoin sits at ~$77K, 39% below its $126,198 peak, needing a fivefold climb to hit his number. First it must clear the 50-week moving average near $81,473, which Galaxy Research says historically separates recoveries from bear-market costume parties. August's 25% pop and $3.4B in ETF inflows were nice, but short covering and momentum meat wallets vanish fast if the move stalls. Armstrong's betting on the 2028 halving cycle — faith in the manifest with the seal still unverified. Where's my cut if he's right? Trade the $81K close, not the sermon.