Coinbase CEO Brian Armstrong thinks Bitcoin’s floor is in. On June 15, Armstrong stated his belief that Bitcoin likely bottomed around $60,000, leaning on the cryptocurrency’s well-documented four-year halving cycle as his compass. The call came just ten days after BTC touched approximately $59,743 on June 5, its lowest level since October 2024.
The case Armstrong is making
Bitcoin recovered from roughly $59,743 to over $66,000 in the days that followed, suggesting at least some buyers agreed the price was attractive at those levels.
Armstrong also characterized the recent decline as relatively mild compared to previous crypto winters. Bitcoin’s June low sat approximately 50% below its October 2025 record high of $126,000. The 2022 collapse wiped out roughly 75% of BTC’s value from peak to trough.
The market isn’t so sure
