A compliant platform CEO remains optimistic about Bitcoin, predicting the price could reach one million dollars by 2030.

Source: CryptoNewsNet Original Title: Coinbase Boss Doubles Down on $1 Million Bitcoin Price Prediction Original Link: https://cryptonews.net/news/bitcoin/32308622/ Despite recent market corrections and legislative disputes in Washington triggering tensions, the CEO of a compliant platform, Brian Armstrong, remains extremely optimistic about Bitcoin (BTC). The cryptocurrency industry executive told the media that this flagship coin could soar to $1 million.

“I have publicly stated that I believe Bitcoin could reach $1 million by 2030. I still stand by this view,” Armstrong said. “No matter what happens in any week or month, we try not to focus too much on short-term fluctuations. I think the long-term trend is more interesting.”

Armstrong emphasized that Bitcoin’s scarcity sets it apart from traditional fiat systems.

“The beauty of Bitcoin is… no printing presses, right? So its supply is fixed and limited. As more people accept and use cryptocurrencies, demand increases while supply remains limited. That simply means the price will only go up,” he said.

Armstrong issued a stern warning to onlookers: “If they don’t have at least 5% of their net assets in Bitcoin, they will regret it in the future.”

Controversy with Traditional Finance

A compliant platform is currently embroiled in a high-stakes political battle that could influence the future of market structure legislation. Last week, the platform withdrew support for a Senate draft bill, causing a stir in Washington. Armstrong revealed that this decision was driven by what he perceives as protectionist measures aimed at shielding traditional banks from competition.

“Too many concessions to traditional finance,” Armstrong explained. “Our view is that there should be a fair competitive environment — some are allowed, some are not, and all American companies compete, which banks don’t like.”

The CEO did not hide his stance on the lobbying efforts of existing financial institutions. “Bank lobbying groups and banking associations are trying to ban their competitors, and I have zero tolerance for that. I believe this is un-American. It harms consumers. Banks need competition, and they need innovation.”

The main point of contention involves stablecoins. Banks argue that platforms rewarding customers for holding stablecoins pose a “deposit outflow risk.” Armstrong countered this by emphasizing the fundamental differences in risk characteristics between crypto exchanges and some reserve-backed banks.

“We don’t do fractional reserve lending,” Armstrong said. “In the crypto world, we operate with 100% reserves, so all your funds are there. This eliminates the entire category of risk around bank runs. If 100% of the funds are there, such a thing cannot happen.”