Brian Armstrong, Coinbase’s CEO, said Bitcoin reaching $400,000 by 2030 is a reasonable target, and described the $300,000-$400,000 range as very likely to be hit within that window, in a CNBC Squawk Box Asia segment. The call is Armstrong’s personal read on where Bitcoin’s price could land, not a formal Coinbase corporate forecast or a consensus market call.

Armstrong is the CEO of the largest U.S. crypto exchange, and his outlook carries weight because it’s grounded in policy developments he’s directly involved in shaping, not a spreadsheet model he’s publishing for Coinbase clients.

In the clip, Armstrong walked through the CLARITY Act and what greater regulatory clarity could mean for the crypto industry as a whole, tying the legislation to the pace at which institutional capital moves into digital assets. He also said he believes the Bitcoin trade has already bottomed and expects upside as pressure continues to build in global bond markets.

That bond-market framing is the more interesting piece for traders parsing his logic. Armstrong is effectively arguing that stress in sovereign debt markets pushes capital toward scarce, non-sovereign assets, a thesis long-time Bitcoin holders have made for years.

Coinbase itself sits at the center of that flow, and Armstrong’s comments arrive as the exchange continues pushing regulators toward a clearer rulebook for digital assets, a topic covered in more detail in our look at how regulatory clarity could unlock institutional capital.

Neither the CNBC segment nor Armstrong’s remarks lay out a specific valuation model, a probability weighting, or a precise timeline for the bottom he says has already formed; the forecast is directional conviction.

Discover: The Best Token Presales

Why Regulatory Clarity Keeps Coming Up

The CLARITY Act has become shorthand in these conversations for the broader push to define how digital assets get regulated in the U.S. Armstrong’s decision to lead with it signals where he thinks the real re-rating catalyst sits.

His argument, as framed in the CNBC segment, links clearer rules directly to wider institutional adoption. The logic being that large allocators need defined jurisdiction and compliance guardrails before committing larger positions to Bitcoin meaningfully.

That’s a familiar setup for anyone who traded through prior Bitcoin price prediction cycles tied to ETF approvals: the asset doesn’t need the legislation to pass to rally, but sustained institutional flow tends to follow policy certainty rather than lead it.

Earn $50 and Enter $300K Prize Draw on EdgeX

What Happens Next for Bitcoin?

Armstrong’s comments don’t reference a specific pending vote or implementation deadline, so traders shouldn’t treat passage of any legislation as imminent based on this interview alone. The more relevant variable in the near term is whether Bitcoin can confirm the bottom Armstrong referenced.

Bitcoin (BTC)

24h7d30d1yAll time

Until regulatory outcomes firm up, Armstrong’s $400,000 figure functions as a directional marker rather than a tradable price level, the kind of long-dated target that shapes positioning sentiment more than it dictates entries.

Whether it holds up depends less on Coinbase’s own roadmap and more on how quickly institutional capital and policy clarity actually materialize over the next several years.

Trade Crypto on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

The post Bitcoin News: Bond Stress and Regulation Shape Armstrong’s $400K BTC Prediction appeared first on Cryptonews.

Source link

The SEC’s new proposal to overhaul transfer-agent rules could eliminate duplicate offchain shareholder records, reducing reconciliation costs and legal uncertainty for tokenized securities.

Source link

Source link

Coinbase CEO Brian Armstrong has backed the CLARITY Act once again ahead of its September 15 Senate vote.

He argued that the bill could give US crypto markets a clearer framework and help bring institutional capital and tokenized assets into the country.

Armstrong Lays Out His Case for a Yes Vote

Speaking on CNBC’s Squawk Box Asia on September 10, Armstrong described the CLARITY Act as “ready to get a yes vote” and told viewers that people he had spoken with in the Senate were on board.

“Law enforcement groups are now on board. Many banks are on board. The crypto companies are on board,” he said, while also pointing to hundreds of pages of input from both Republicans and Democrats.

The Coinbase chief also noted that his company had previously raised concerns about the bill but now believes the issues it considered non-negotiable changes have been sorted.

“All of those must-have issues that we raised our hands on last time have now been resolved,” he said.

As CryptoPotato reported in August, Senate Majority Leader John Thune filed cloture before the lawmakers went on recess, setting September 15 as the date for the procedural vote. The measure needs 60 votes, meaning Republicans cannot pass it without support from at least seven Democrats or independents.

The political negotiations also include ethics provisions covering digital-asset holdings and projects linked to elected officials, including President Donald Trump.

Armstrong characterized the White House proposal as containing “very strong” ethics provisions, while Democrats have sought additional measures, including divestiture. He added that the discussions appeared to be close to a solution, calling the issue one of the last pieces to fall into place.

The crypto executive also drew a link between regulatory clarity and institutional adoption. Pointing to the GENIUS Act, he noted that more than 150 large companies integrated stablecoins within three months of its passage.

In his view, CLARITY could act as a regulatory “checkbox” for institutional investors and help bring tokenized equities and perpetual contracts to the US. According to Armstrong, even if the bill doesn’t pass, the alternative is already taking shape through the SEC and CFTC.

Last month, he predicted that clarity would arrive through either congressional action or agency rules, after CFTC Chairman Michael Selig had earlier outlined how the agency could use its existing authority to establish a crypto trading framework if Congress stayed deadlocked. Armstrong therefore framed September 15 as a decision point rather than the only route to new rules.

Bitcoin to $400,000 by 2030

He also connected the regulatory debate to broader financial conditions, arguing that excessive government spending can push investors toward Bitcoin “almost like gold.” Furthermore, he pointed to regulated stablecoins as structural buyers of US government debt, creating demand for Treasury bills and potentially helping lower rates.

On Bitcoin itself, Armstrong maintained that $400,000 by 2030 remains a reasonable target. He believes the cryptocurrency’s one-year downturn may have already reached its bottom, noting that the next halving is about a year and a half away and that previous market run-ups have tended to come right before those events.

“I think the next year or two is going to be good for Bitcoin,” he stated.

The post Coinbase CEO Backs CLARITY Act to Secure ‘Yes’ Vote on September 15 appeared first on CryptoPotato.

Source link

The coalition warned that the current limit is too low, noting some existing European projects already exceed it.

Source link

Source link

Source link

Almost every large crypto token fell through the overnight sessions and into Thursday's U.S. open, as an oil shock drove long-dated Treasury yields to multi-year highs and traders raised the odds of a Federal Reserve rate increase next week to 64%. Traders put a quarter-point September increase at… Read the full story at The Defiant

Source link

Source link

OpenAI is taking aim at some of Wall Street’s most labor-intensive tasks with a new version of ChatGPT designed to research companies, analyze financial data and generate the presentations that investment bankers rely on.

The product unveiled Thursday, called ChatGPT for Financial Services, is a tailored version of its enterprise product, ChatGPT Work, that was made with “design partners” Morgan Stanley and Evercore, according to OpenAI’s Vice President of Product, Nick Turley. It uses the AI company’s latest and most advanced model, GPT-6 Astra. 

The rollout puts OpenAI deeper into territory traditionally occupied by Wall Street’s entry-level bankers, the recent college graduates called analysts and associates that the industry has employed for decades to research deals and create pitchbooks. It also showcases the company’s continued push into enterprise offerings as it gears up for what is widely expected to be a blockbuster IPO.

“We’re effectively teaching ChatGPT to research like an analyst and back up its conclusions like an analyst as well,” Turley said during a briefing announcing the new product. 

OpenAI has spent much of the last year racing to win over business customers in the fiercely competitive enterprise market, where it’s working to fend off rivals including Anthropic and Google. Anthropic announced its own tailored solution for Wall Street, Claude for Financial Services, last year.

Advertisement

Sarah Friar, OpenAI’s finance chief, told investors in August that the company’s enterprise business accounted for more revenue than its consumer business, which took off following the launch of ChatGPT in 2022.

Turley told reporters during the briefing OpenAI plans to release tailored solutions for “a number of sectors” beyond financial services. 

In a live demonstration of the new offering, Turley showed the platform analyzing a potential M&A target, pulling financial figures from industry-standard data sources and creating a formatted PowerPoint deck based on a bank’s preformatted style guide.

“It’s very easy to make slides that look good, but it’s much harder to make slides [that] actually make sense,” Turley said. “To get here, ChatGPT had to choose the relevant peers. It had to pull the prices into a spreadsheet. It had to check the chart against the data, and it had to explain the selloff and the rebound.”

Advertisement

Banker disruption?

What separates this version from the product it’s based on, ChatGPT Work, is native data access from LSEG, Daloopa and Pitchbook that furnishes the system with things like financial statements and earnings transcripts, as well as automated access to users’ existing data subscriptions.

Other features tailor-built for finance include citations that allow users to trace data back to source filings and audit charts, as well as administrative controls for sensitive deal materials.

While Turley said that there was “a ton of demand” for this version of ChatGPT, which is initially geared toward investment banking and equity research, he declined to name banks that have signed on for it.

When asked by CNBC whether this latest version of ChatGPT would reduce the need for investment banks to hire junior bankers, Turley framed the release as an efficiency boost that maximizes productivity per employee.

Advertisement

“If you study the life of an analyst or of a banker, depending on the industry, they’re working 100-hour weeks,” Turley said. “I think in the same way that Microsoft Excel transformed the industry and allowed them to produce better analysis faster, you will see technology like this do the same.”

Still, the product raises fundamental questions for an industry long built on a rigorous apprenticeship model. If generative AI can execute multistep tasks like research and pitchbook formatting in minutes, Wall Street will be forced to rethink how it trains, and how many it needs, of its next generation of dealmakers.

Last month, Chris Churchman, the Goldman Sachs partner in charge of one the bank’s flagship AI projects, warned that the automation of tasks that help train junior bankers risks causing “cognitive atrophy” in the next generation of financiers.

“Reasoning is still important,” Churchman said at the time. “You still need to reason about [problems] and structure it into an argument, and now we’re delegating reasoning.”

Advertisement

Source link