Armstrong is confident that Bitcoin is quite capable of reaching this mark, despite the recent correction up to $ 112,387. The head of Coinbase believes that the progress reached by the American authorities in the regulation of the crypto industry will contribute to the growth of bitcoin. The businessman was mentioned by the Genius law, which is designed to create a regulatory framework for the release of stablecoins. Armstrong recently said this law should update the outdated financial system.
The head of the crypto officer also mentioned the bill on the structure of the crypto, which is now under consideration in the Senate. According to Armstrong, the adoption of this bill before the end of the year can be another step for making clarity in the regulation of cryptocurrencies. Among other BTC growth factors, Armstrong called capital receipt from large investors in spot exchange funds (ETF) on Bitcoin.
Coinbase general director also mentioned the Decree of President Donald Trump to create a strategic reserve of bitcoins. Just five years ago, the idea that the authorities own Bitcoin would be considered crazy, the businessman was surprised. He believes that other “big twenties” countries may follow the example of the United States and thereby increase state demand for bitcoins.
Armstrong is not the only one who believes that bitcoin can reach $ 1 million by 2030. Earlier, the author of the book on personal finances “Rich Dad, Poor Dad” Robert Kiyosaki made a similar forecast, which, as he claims, can be realized in case of collapse of the world economy.
Source: Bits
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