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Morning Minute: Coinbase CEO Calls for Bitcoin to Hit $1 Million

by admin August 24, 2025

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors mostly red heading into Jackson Hole; BTC -1% at $112,300
MetaMask introduces new stablecoin mUSD, to launch on ETH + Linea
Plasma’s XPL debuts at $0.45 on Hyperliquid pre-market, 9x from July presale
XCOPY piece ‘Death Wannabe’ sells for $475,000
Kanye token YZY falls another 37% to $0.69

💰 Brian Armstrong Joins the $1M Bitcoin Club

Coinbase CEO Brian Armstrong just laid out his big target:

Bitcoin could hit $1,000,000 by 2030.

📌 What Happened

Speaking on the Cheeky Pint podcast, Armstrong laid out his bold thesis for Bitcoin’s future, predicting $1M BTC within the next five years.

His rationale centers on three major drivers:

Regulatory clarity, with the U.S. paving the way as a “bellwether for the rest of the G20.”
Institutional adoption with ETFs, treasuries, and banks leaning further into crypto.
Government reserves, even floating the idea of a U.S. Strategic Bitcoin Reserve as a potential tailwind.

He joins a growing list of Bitcoin bulls: Jack Dorsey has also forecast $1M BTC, and Cathie Wood has gone further, projecting up to $3.8M by 2030.

And that doesn’t even take into account some of Michael Saylor’s predictions ($40M+ by 2040).

JUST IN: Michael Saylor says the bear market “is not coming back.”

“Bitcoin is not going to zero, it’s going to $1,000,000.” pic.twitter.com/kodw2huwL5

— Watcher.Guru (@WatcherGuru) June 10, 2025

🧠 Why It Matters

Anyone can make a big bull call like this.

But some calls matter more than others.

Brian Armstrong’s view carries weight as the CEO of the largest U.S. crypto exchange and a key player in regulatory conversations.

Big targets like $1M drive:

Market psychology: Big round numbers like $1M fuel long-term narratives and investor conviction, even if short-term volatility dominates.
Institutional FOMO: With ETFs booming and corporate treasuries accumulating, the groundwork for Armstrong’s thesis is already being laid.
Strategic framing: The idea of a U.S. “Bitcoin reserve” may sound wild, but in a world where nations are competing for financial sovereignty, it’s not far-fetched.

And targets like this make it easier for folks buying for the first time over $100,000 to have a nice return multiple in mind (helps with unit bias).

$1M is a meme number, but memes seem to find a way into existence in crypto.

The last big one was early Bitcoiners “selling to the bankers.” Well guess what, that’s actively happening.

So maybe if $1M BTC is memed enough, it will be memed into existence as well…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

Crypto majors were mostly red on the day ahead of Powell’s comments at Jackson Hole this morning;BTC -1% at $112,300, ETH even at $4,285, XRP -3% at $2.80, SOL -2% at $180
ZEC (+11%), OKB (+7%) and MORPHO (+4%) led top movers
The ETH ETFs posted their first day of net inflows ($287.6M) after 4 red sessions
MetaMask announced its stablecoin mUSD, coming to ETH and Linea soon
A long-dormant Bitcoin whale moved 670 BTC (~$75M) to open leveraged long positions on Ethereum
The OCC rescinded its consent order on Anchorage Digital after the bank met AML compliance, restoring its status as the only federally chartered crypto bank in the U.S
The EU is considering dropping its CBDC plans for a stablecoin
Singapore’s DBS Bank rolled out Ethereum‑tokenized structured notes, giving institutional investors blockchain access to crypto-linked products
Gemini secured a MiCA license in Malta, enabling compliant expansion into 30+ European countries under EU crypto regulations

In Corporate Treasuries

In Memes

Memecoin leaders are green on the day; DOGE +2%, Shiba +1%, PEPE +3%, PENGU +4%, BONK +2%, TRUMP -2%, SPX -4%, and FARTCOIN -3%
YZY fell another 37% on the day to $0.69 and an $89M mc
SPARK (+80%), TROLL (+20%) and BITTY (+165%) led onchain SOL meme movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

Plasma’s XPL token went live for pre-market perps trading on Hyperliquid, opening at $4.65B fdv
Coinbase added Trump-backed USD1 stablecoin from World Liberty Financial to its listing roadmap, expanding its stablecoin lineup

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

Overall market cap down 4% to $11.8B, leaders were mostly red
FARTCOIN (-4%), VIRTUAL (-4%), TIBBIR (+4%), ai16z (-3%) & VVV (-7%)
fxn (+24%), Simmi (+22%) and IRIS (+15%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

ETH NFT leaders were mixed; Punks +4% at 48.3 ETH, Pudgy -1% at 12.44, BAYC -2% at 11.4 ETH
Reflections (+19%) and Meebits (+10%) were notable top movers
Bitcoin NFTs were mostly red or even, no notable movers
Abstract NFTs were mostly green, led by Final Bosu (+27%) and OCH Heroes (+15%)
XCOPY edition of 10 ‘Death Wannabe’ sold for $475,000 (only 4 editions still in existence)
Hyped new mint Cerebro trades below 0.08 ETH mint price after debut

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August 24, 2025 0 comments

NFT Gaming

Coinbase, Strategy Lead Crypto Stock Rebound as Bitcoin and Ethereum Soar

by admin August 22, 2025

In brief

Shares of crypto companies rose in price alongside digital assets and major stock indices.
The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month.
Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge.

Crypto-focused company stocks rose Friday alongside digital coins following a more dovish-than-expected speech from Federal Reserve Chairman Jerome Powell.

Nasdaq-listed Coinbase (COIN) spiked and was recently trading more than 6% higher on the day at $319. Meanwhile, Bitcoin treasury and software firm Strategy—MSTR—was up by nearly 65 to $354. Both had been trading down in recent days, but COIN is now in the green over the past week while MSTR remains slightly down during the span.

And Circle, which debuted on the New York Stock Exchange in May in a blockbuster IPO, jumped higher. The stablecoin giant was recently priced 6% higher over the past day, currently at $140, but had shown a 9% leap earlier in the morning.

Elsewhere, leading Bitcoin miners, CleanSpark (CLSK) and Riot Platforms (RIOT) rose by 5% and nearly 9% on the day, respectively, to nearly $10 and above $13.

Crypto treasuries like SharpLink and BitMine Immersion—which focus on buying and holding Ethereum, the second biggest digital coin—both jumped by more than 12%, hitting nearly $20 and $54.

Broadly, stocks are up on the day, with The Dow Jones Industrial Average climbing higher by 880 points, or nearly 2%, touching a new high. Meanwhile, the S&P 500 climbed 1.45%, and the Nasdaq rose by 1.6%.

The rise in equities comes as leading cryptocurrencies Bitcoin and Ethereum also jump. Bitcoin was recently priced at $116,318, up 3% in the hour after Jerome Powell spoke, CoinGecko data shows. Ethereum spiked higher by nearly 8% in one hour. The coin was recently trading for $4,740, about $130 away from its all-time high mark from 2021.

Over the past day, Bitcoin and Ethereum were up 3% and nearly 12%, respectively.

An interest rate cut would likely help cryptocurrency and tech stocks. Both assets have typically done well in the past in a low interest rate environment, as traders are more drawn to risk assets.

U.S. President Donald Trump has been pressuring Powell to cut rates, frequently insulting the Fed chair on Truth Social and even threatening to fire or even sue him.

The Fed started aggressively raising rates in 2022 in an attempt to control 40-year high inflation brought on by COVID-19. The central bank then started cutting borrowing costs again last year as the economy cooled.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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August 22, 2025 0 comments

GameFi Guides

Coinbase Lists Ethereum-Based Stablecoin 4 Months After Launch

by admin August 22, 2025

As the U.S.’s largest cryptocurrency exchange, Coinbase continues to expand its crypto offerings to better serve its users. On August 21, the exchange announced the official listing of the World Liberty Financial USD (USD1).

Built on the Ethereum blockchain, USD-1 is a U.S. dollar-pegged stablecoin created by World Liberty Financial. Its listing on Coinbase marks a major development for crypto users in the U.S., allowing them access to buy, sell, convert, send, receive, and store the stablecoin on the platform.

4-month old USD-1 now on Coinbase

While the move further fortifies the stablecoin’s compliance with U.S. regulatory standards, the listing of USD-1 on Coinbase is coming just four months after its mainnet launch in April 2025.

Although it only entered the crypto space a few months ago, USD-1 has gained significant traction over the months due to its close affiliation with the U.S. dollar. Notably, it has amassed a massive $2.3 billion in market capitalization as of writing.

Although trading for USD1 was rolled out in phases, starting with the USD1-USD pair, it has now been fully listed on the leading exchange as sufficient liquidity has been established for the asset.

While the move appears to have been long anticipated by the users of the platform, Coinbase has warned that users should only transfer USD1 through the Ethereum network to avoid losses.

According to the announcement issued by Coinbase, it has showcased 0x8d0D000Ee44948FC98c9B98A4FA4921476f08B0d as the official contract address of USD-1, noting that transfers over other networks cause irrecoverable losses. It also warned that support for USD-1 via its trading platform may be limited in certain jurisdictions due to regulatory restrictions.

Coinbase CEO predicts Bitcoin will hit $1million by 2030

by admin August 21, 2025

The CEO of Coinbase has shared a bullish long-term target for Bitcoin, predicting the cryptocurrency’s price could be worth a million dollars in the coming years.

Summary

Coinbase CEO Brian Armstrong is bullish on Bitcoin’s long-term potential.
Armstrong points to regulatory developments, including the GENIUS Stablecoin Act, as evidence of increasing market clarity.
Other industry figures, including Michael Saylor and Cathie Wood, also project Bitcoin reaching $1 million or more by 2030.

Speaking on the Cheeky Pint podcast recently, Coinbase CEO Brian Armstrong expressed his belief in Bitcoin’s (BTC) long-term potential to reach the $1 million price point by 2030.

“The rough idea I have in my head is that we will see a million-dollar Bitcoin by 2030,” he said, responding to host John Collison’s question about his price expectations.

Armstrong pointed to shifting regulatory scenes and growing institutional demand as key drivers of his predictions. He noted that the recent passage of pro-crypto legislation, including the GENIUS Stablecoin Act and other key market structure bills under review in Congress, signals growing clarity for the industry, a reality that was once seemed a distant dream.

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.

(Not financial advice of course, it’s impossible to guarantee) pic.twitter.com/w5EfcYFvVp

— Brian Armstrong (@brian_armstrong) August 20, 2025

“We’re starting to see regulatory clarity emerge in the U.S senate,” he added. The CEO also pointed to the adoption of a Bitcoin reserve by the U.S, as well as the broader trend among several governments globally. He stressed that these developments mark a new milestone, removing uncertainties that once clouded the industry’s long-term outlook.

Growing institutional demand from corporate entities and exchange-traded funds is another key driver of his forecast. With the success of Bitcoin ETFs and traditional financial institutions now betting on the asset, Armstrong added that these channels have become a gateway for mainstream investors, and continued inflows of capital are expected to push prices higher.

Coinbase CEO’s BTC price target aligns with other bullish calls

Armstrong is not alone in making long-term calls for Bitcoin. Other industry figures, including Strategy’s Michael Saylor, have made similar projections. Earlier in June, Saylor cited rising institutional demand and limited supply as catalysts for BTC climbing to the $1 million mark.

Cathie Wood of ARK Invest has set an even higher price target of $1.5 million for BTC by 2030, exceeding Coinbase CEO Armstrong’s forecast. These predictions share common ground, with expectations that Bitcoin adoption will continue to grow, solidifying its role as a global store of value.

Meanwhile, Bitcoin has traded sideways over the past week. Since failing to sustain the rally that pushed it to a new all-time high above $124,000, the asset has struggled to maintain momentum. At the time of writing, BTC sits just under $113,368 according to market data from crypto.news, down 0.29% on the day and roughly 6.8% over the past seven days.

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August 21, 2025 0 comments

Crypto Trends

Coinbase CEO Brian Armstrong Tips $1M For Bitcoin By 2030

by admin August 21, 2025

While Coinbase CEO Brian Armstrong has become the latest crypto executive to predict Bitcoin to reach $1 million by 2030, one crypto analyst warns investors should not get ahead of themselves after Bitcoin fell to $112,676 this week, retreating 9% from its all-time high.

The US is a “bellwether for the rest of the G20”

“The rough idea I have in my head is that we’ll see a million-dollar Bitcoin by 2030,” Armstrong told John Collison on the “Cheeky Pint” podcast on Wednesday.

Armstrong pointed to a few reasons to back up his Bitcoin (BTC) prediction, including clearer regulations starting to take shape in the United States, which he called a “bellwether for the rest of the G20.”

Brian Armstrong spoke to John Collison on the “Cheeky Pint” podcast. Source: Stripe

He highlighted the recently passed Genius Act for stablecoins and the market structure bill that is now “being debated” in the Senate.

“Fingers crossed something could happen by the end of this year, that would be a huge milestone,” Armstrong said.

He also cited the US Strategic Bitcoin Reserve. “If you asked me five years ago, that would have been like a vision board. Someone would have said you’re crazy, the United States government is not going to officially hold Bitcoin.”

It comes the same day Eric Trump said at the Wyoming Blockchain Symposium, “You go out a couple of years, there’s no question Bitcoin hits a million bucks.”

Crypto analyst suggests one step at a time

However, McKay Research researcher James McKay suggests Bitcoiners should not get ahead of themselves over the asset’s future price.

“Let’s try and hold 124K first guys,” McKay said in an X post on Tuesday, a week after Bitcoin hit a new all-time high of $124,128 but shed its gains in the days following.

Bitcoin is down 2.42% over the past 30 days. Source: CoinMarketCap

McKay, however, said Armstrong’s prediction is “not out of left field,” considering Standard Chartered predicts $500,000 by 2028.

Factors supporting a continued Bitcoin rally include crypto treasury firm and nation-state Bitcoin buying, continued institutional interest in Bitcoin and rising demand for spot Bitcoin ETFs.

However, some near-term headwinds could include the US Federal Reserve delaying rate cuts, while longer-term risks include a potentially less crypto-friendly stance from the next US presidential administration.

Several other execs forecast $1M Bitcoin by 2030

McKay’s comments came just hours after he said, “Only time will tell whether the 4-year cycle is dead or not.”

Related: Coinbase CEO’s journey from no ‘political causes’ to hiring DOGE staff

In February, ARK Invest CEO Cathie Wood said Bitcoin could reach $1.5 million by 2030 in her firm’s “Bull Case” forecast. Going even further back, in May 2024, Twitter co-founder Jack Dorsey forecasted that the price of a single BTC would be $1 million by 2030 and could appreciate further.

However, others warn that if the price tag comes any sooner, it may set off warning signs.

Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble.

“People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told Natalie Brunell on the Coin Stories podcast on Wednesday.

Magazine: Bitcoin’s long-term security budget problem: Impending crisis or FUD?

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August 21, 2025 0 comments

GameFi Guides

Bitcoin (BTC) Price Could Reach $1M by 2030, Coinbase (COIN) CEO Brian Armstrong Says

by admin August 20, 2025

Coinbase CEO Brian Armstrong said that bitcoin

could hit $1 million per token by the end of the decade, adding his voice to a growing chorus of high-profile crypto advocates calling for explosive growth.

“I think we’ll see $1 million per bitcoin by 2030,” Armstrong said in a post on X this week while promoting his appearance on the Cheeky Pint podcast. The prediction is notable because Armstrong rarely offers public price targets.

He isn’t alone in expecting such a surge. Jack Dorsey, who ran X (formerly Twitter) until 2021 and co-founded payments firm Block (formerly Square), has also said bitcoin could reach $1 million by 2030 and likely move higher beyond that milestone.

Meanwhile, Cathie Wood’s Ark Invest revised its long-term outlook last month, raising its decade-end projection to as high as $3.8 million, citing increased institutional adoption as the main driver.

The optimism comes at a time when bitcoin has been setting records. The token is trading at $114,383, up 22% this year, after touching a new all-time high above $124,000 last week. The rally has strengthened arguments that bitcoin is consolidating its role as a hedge against inflation and an alternative to traditional safe-haven assets like gold.

Some investors see major moves happening sooner. Anthony Scaramucci, founder of SkyBridge Capital, said on CNBC on Aug. 19 that bitcoin could climb to between $180,000 and $200,000 within the next five months, adding that even that outlook may prove conservative.

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August 20, 2025 0 comments

Crypto Trends

Coinbase Team Works 9 a.m. to 9 p.m. on Crucial New Initiative: Brian Armstrong

by admin August 18, 2025

Working hard on building “the everything exchange”
Coinbase to go beyond crypto in the US

Brian Armstrong, the chief executive officer of the largest US-based cryptocurrency exchange, Coinbase, has made a significant statement for the crypto community.

It seems that Armstrong is copying Elon Musk’s playbook, applying it to Coinbase.

Working hard on building “the everything exchange”

The Coinbase CEO took to his account on the X social media platform to announce that the team continues to work hard on building the “Everything Exchange,” as he referred to the platform he plans to transform Coinbase into.

According to Armstrong, the Coinbase team “surged” in New York, making “progress on the Everything Exchange.” They worked from 9 a.m. to 9 p.m. every day, the CEO stated, adding: “Energy was great.”

The Coinbase team “surged” in New York last week to make progress on the Everything Exchange. 9am to 9pm (and beyond) daily. Energy was great.

Going to ask every team working on a key initiative to schedule a similar surge in Q3.

— Brian Armstrong (@brian_armstrong) August 18, 2025

Coinbase to go beyond crypto in the US

On July 31, CNBC reported that Brian Armstrong was planning to turn Coinbase into an “Everything Exchange”. As part of that plan, Coinbase intends to allow its customers to start trading tokenized real-world assets, stocks, derivatives, early-stage token sales, etc, and launch prediction markets.

The new function of Coinbase will be released within the next few months, according to Max Branzburg, vice president of product at Coinbase. He stated outright that the Coinbase team is building “an exchange for everything.” “Everything you want to trade, in a one-stop shop, on-chain. … We’re bringing all assets onchain — stocks, prediction markets, and more.” That would be the foundation for “a faster, more accessible, more global economy.”

Ethereum Outflows Top $888M As Binance And Coinbase Balances Shrink

by admin August 18, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum (ETH) trades above the $4,400 price mark following a rather eventful market week. Although CoinMarketCap data reports the altcoin notched up a net weekly gain of 4.21%, a sharp 7.14% pullback toward the end of the week has dampened sentiment, introducing a more cautious undertone. With ETH now consolidating in a sideways range, crypto analyst Amr Taha has outlined both short and long-term market outlooks, drawing on recent exchange flows and futures market activity.

Bearish Funding Rates Vs. Bullish On-Chain Flows: Ethereum At A Crossroads

In a recent QuickTake post on CryptoQuant, Taha provides valuable insight into the price trajectory of Ethereum as both futures market positioning and exchange balances are undergoing significant changes. In studying recent developments in the derivative markets, the crypto expert observes a 29% decline in Open Interest over the past two days, following a drop in ETH prices from above $4,700 to below $4,400, which suggests that traders are rapidly closing or liquidating positions amid market turbulence.

Adding to the bearish atmosphere, perpetual futures funding rates turned negative across major exchanges. Negative funding rates occur when short positions dominate, meaning traders are paying to maintain bearish bets. While this reflects prevailing pessimism, Amr Taha states that history shows that such extremes often coincide with oversold conditions and can precede a rebound if other bullish catalysts emerge.

Source: CryptoQuant

Amid this derivative market situation, spot market data paints a different picture. In recent days, Taha explains that 200,000 ETH, worth approximately $888 million, were withdrawn from major centralized exchanges. Coinbase saw an outflow of 128,000 ETH, while Binance recorded 72,000 ETH leaving its platform.

Generally, large-scale exchange withdrawals are often interpreted as a bullish signal. When investors remove funds from trading platforms, they typically move them into cold storage wallets for multiple reasons, such as long-term holding or staking, which signals confidence in future price appreciation. There are also instances where institutions move their assets off exchanges to perform over-the-counter (OTC) transactions.

This dual narrative, i.e., bearish derivatives activity and bullish spot outflows, highlights Ethereum’s complex short-term outlook. On one hand, negative funding rates and collapsing open interest indicate traders are cautious, expecting further downside in the near term. On the other hand, shrinking exchange balances reduce immediate selling pressure, creating conditions that could support a strong price floor.

Interestingly, Amr Taha also notes that similar waves of ETH withdrawals from exchanges have preceded notable rallies, as reduced exchange liquidity tightens supply, indicating potential for a long-term price rally.

ETH Price Overview

At press time, Ethereum trades at $4,446, reflecting a 0.19% gain in the past day. Notably, investors’ attention remains heavily on the 4,400 support level in the coming sessions. A decisive bounce could validate the view that Ethereum is oversold, while sustained weakness may see ETH retest lower zones before a potential recovery.

ETH trading at $4,443 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from The Economic Times, chart from Tradingview

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August 18, 2025 0 comments