Coinbase’s Brian Armstrong still thinks Bitcoin will hit $400,000 in 4 years

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong still sees a path for Bitcoin to reach $400,000 by 2030. Brian repeated the forecast during a September 19 interview with MoneyRehabPodcast. His view is built around Bitcoin’s past market cycles. The network cuts the amount of new BTC entering circulation about once every four years.

Previous halving periods have often been followed by sharp price runs, then major pullbacks that can drag on for close to a year. Brian said another similar cycle could take Bitcoin to around three times its previous record price before 2030.

Brian said the estimate depends on Bitcoin behaving in a way that resembles earlier cycles. He also made clear that earlier price action cannot tell investors exactly what comes next. The target is therefore a possible outcome, 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. The crypto exchange had a market value of $52.27 billion, while COIN’s 52-week trading range stood between $141.09 and $387.27.

Coinbase adds fixed Bitcoin loans while ETF buyers pour $2.4 billion into the market

Coinbase has also expanded its lending business with fixed-rate USDC loans backed by Bitcoin. Borrowers receive their interest charge and repayment deadline at the start of the loan instead of watching the cost move with market conditions.

The product works with Morpho Midnight, which is a decentralized lending protocol introduced in July. The protocol does not retain any customer funds and allows for lending with predetermined borrowing rates and fixed terms. Transactions on the network will be settled using Base, Coinbase’s second-layer blockchain built upon Ethereum.

Coinbase currently provides another cryptocurrency lending product called Morpho Blue. This one uses variable borrowing rates, which depend on the available liquidity and demand for loans, thus making customers pay higher rates during periods of increased borrowing activity.

The fixed product will coexist with the current offering rather than replace it. Currently, Coinbase’s variable-rate lending market features more than $1.4 billion in active loans with total collateral of nearly $3 billion.

Demand for spot Bitcoin ETFs has also picked up sharply. The Block, using SoSoValue figures, reported that U.S. funds received $2.4 billion of net inflows during the week ending September 25. It was their biggest weekly intake since October 2025.

Monday accounted for a large chunk of that money. The 12 Bitcoin ETFs followed by SoSoValue collected $999 million in one day. That marked their strongest daily result since October 6, 2025 and ranked as the ninth-biggest daily inflow since U.S. spot Bitcoin ETFs began trading in January 2024.

The buybacks put the flows back into the black for 2026. The year-to-date net flow figures were around $934.1 million. As of July 13, that same group was showing about $5.8 billion in net outflows.

The funds have generated about $57.6 billion in net inflows since inception. Net assets for all funds totaled about $108.4 billion as of Friday.

According to Bloomberg ETF analyst Eric Balchunas, the change in flows is due to the Treasury’s plans to increase purchases of longer-term Treasuries.

Pete Hegseth reports Bitcoin holdings as his household cash balance jumps above $1 million

Defense Secretary Pete Hegseth has also disclosed personal Bitcoin exposure. Pete’s newly released 2025 annual ethics filing lists at least $3.1 million across cash, retirement investments and BTC.

The filing includes more than $1 million sitting in one bank account. Pete, a former Fox News host who became Defense secretary in January 2025, is also facing impeachment demands from members of his own party over his handling of the war with Iran.

Pete had a total of five retirement accounts that ranged in value between about $2.05 million and $4.35 million. Three of these accounts, which belonged to Pete, were worth about $500,000 to $1.25 million.

On the other hand, his wife, Jennifer Hegseth, had a total of two Rollover IRAs that were worth about $1.55 million to $3.1 million.

The couple also disclosed three cash accounts. One was reported only as being “worth more than $1 million.” Their Bitcoin position was valued between approximately $16,000 and $65,000.

The wide range in the federal disclosure forms makes it difficult to make a clear year-to-year wealth comparison. In Pete’s nomination form from December 2024, the total amount of financial assets falls within $1.4 million and $3.4 million. In the most recent filing, the lower range is $3.1 million with no upper limit since there is no ceiling for the largest cash account.

The only major change is that in the bank balance. Pete’s earlier disclosure reveals an account called “U.S. Bank #2” which ranged from $15,001 to $50,000. This time around, the account holding the same name ranges above $1 million.