Coinbase CEO Brian Armstrong has once again said he believes in Bitcoin over the long haul and called it the «new digital gold». In his words, he is maintaining a long position in the asset.
In a post on X, Armstrong spoke directly about coping with turbulence in the market, noting that investor sentiment is often thrown to extremes. Right now, in his view, a scenario already familiar to everyone from past cycles is repeating. Short-term swings, he added, do not change Bitcoin's long-term trajectory.
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Bitcoin's cycle and views on market bottoms
Armstrong attached a chart titled «Bitcoin's four-year cycles» to the post. It shows the alternating phases since 2011, rises and falls, each lasting roughly two years. A question mark is placed over mid-2026. In Armstrong's view, the current situation fits the scenario familiar to investors and does not contradict the logic of a long-term upward move in the price.
He suggested that Bitcoin may have already reached its price bottom, but refrained from drawing definitive conclusions.
Disputes over the four-year cycle analysis have intensified this year. Analyst Benjamin Cowen believes the pattern still works and does not expect a peak before the fourth quarter of 2026. Others note that institutional capital and inflows into spot ETFs have noticeably smoothed out the usual phases of rise and fall.
Armstrong has revised his views on Bitcoin's cycles before as well. He has already noted that Bitcoin is partly important for the U.S. economy, having become an asset that is not only a trading instrument but also a store of value.
Source: BeInCrypto
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