Coinbase Global cofounder and CEO Brian Armstrong reaffirmed his speculative forecast that Bitcoin could reach $400,000 by 2030 and said it could trade at $80,000-$90,000 by year-end. Galaxy Digital CEO Mike Novogratz separately maintained that Bitcoin's chart remains constructive and that a move to $100,000 before the end of the year would not surprise him. Armstrong's longer-term projection assumes Bitcoin repeats the patterns of its previous four-year cycles and reaches three times its all-time high, but he stressed that past performance does not predict future results and that the estimates are guesses. Bitcoin reached an all-time high of $126,080 on Oct. 6, 2025, and was trading at $83,558 at the time of writing, according to Decibel. Armstrong recommended holding Bitcoin as part of a diversified portfolio, beginning with a 1% allocation and reassessing comfort with the exposure. He also criticized the failed Senate cloture vote on the Digital Asset Market Clarity Act, while saying the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) could provide clearer crypto rules through existing authority. Bitcoin was trading around an important technical area, leaving traders divided over whether it would break higher or enter a longer consolidation period.