Coinbase CEO Foresees $1M Bitcoin on FOMO, ETF Inflows
Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1 million driven by fear of missing out (FOMO), the launch of spot Bitcoin ETFs and supportive government action. He highlights rising institutional interest following SEC approval of Bitcoin ETFs, which has already directed billions of dollars into the market. Armstrong expects FOMO to spur further retail adoption as traders rush to avoid missing gains. He also cites potential catalysts from government-backed digital currency initiatives and clearer crypto regulations. This bullish outlook suggests traders may see short-term price spikes around key regulatory events and sustained long-term growth as Bitcoin adoption expands globally.
Bullish
Armstrong’s $1M Bitcoin forecast is bullish because it underscores institutional adoption, regulatory progress and retail FOMO—all proven drivers of price rallies. Similar to the 2021 spot ETF approval, which triggered a multi-month bull run, ETF listings funnel fresh capital and legitimize Bitcoin for large investors. Government action, such as clearer crypto rules or digital currency initiatives, further reduces uncertainty and attracts capital. In the short term, traders may react to ETF approval dates and regulatory announcements with sharp upside moves. Over the long term, sustained institutional flows, retail FOMO cycles and government-backed projects can drive a structural uptrend in Bitcoin markets.