He posted the prediction on X and pointed to rising institutional interest and clearer rules in the US as reasons for the call.
Short-term moves will still be messy, he warned, but the long-term case is getting stronger.
Reports have disclosed that the US government now holds a strategic Bitcoin reserve, a step Armstrong once found unlikely.
I think we’ll see $1M per bitcoin by 2030.
Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a growing interest for crypto ETFs, among many other factors.
According to Armstrong, many large funds currently hold about 1% of their portfolios in Bitcoin. That’s small. It’s also a base to build from if rules become clearer.
Meanwhile, several well-known figures have been making their own forecasts about the world’s most popular crypto asset.
Cathie Wood of ARK Invest has set an even loftier target, suggesting Bitcoin could climb to $1.5 million in her firm’s bull scenario.
Together, these forecasts align with Armstrong’s call, though each stems from a different line of reasoning.
Bitcoin has a history of sharp rallies followed by big pullbacks. That pattern hasn’t disappeared. While proponents point to limited supply and growing institutional exposure as reasons to expect higher prices, critics warn that macro shocks, tighter regulation, or a serious technical flaw could reverse gains quickly.
Featured image from Meta, chart from TradingView
