Coinbase Global CEO Brian Armstrong reiterated that Bitcoin could reach $400,000 by 2030, while stressing that the target depends on future market behavior resembling earlier halving cycles and is not a fixed forecast. Coinbase shares were priced at $198.85 on Pluang at 16:01 WIB on September 25, down 0.18% over 24 hours, giving the exchange a market value of $52.27 billion; its 52-week trading range was $141.09 to $387.27. Coinbase has also introduced fixed-rate USDC loans backed by Bitcoin through Morpho Midnight, with transactions settled on Base, alongside its existing variable-rate Morpho Blue product. U.S. spot Bitcoin ETFs recorded $2.4 billion in net inflows in the week ended September 25, including $999 million in a single day, while Defense Secretary Pete Hegseth’s 2025 ethics filing disclosed Bitcoin holdings valued between approximately $16,000 and $65,000 and at least $3.1 million across cash, retirement investments and Bitcoin.