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Coinbase CEO Brian Armstrong said on September 10, 2026, that he personally believes Bitcoin has already reached its low for the current cycle. He expects the price to trend higher over the next one to two years as the next halving approaches. That is a forecast—not confirmation that Bitcoin’s final low is in.

What did Brian Armstrong say about Bitcoin’s bottom?

In a September 10, 2026 report, The Block quoted Armstrong saying, “I personally think we’ve seen the bottom of the bitcoin price in this cycle.” He expected an upward trend over the following one to two years as the next halving approached. The statement describes his personal view, not a market-wide finding. (The Block, September 10, 2026)

This was a later, distinct comment from Armstrong’s June view. In June, he said his instinct was that Bitcoin had probably found a floor near $60,000 and pointed to the recurring four-year cycle. The June estimate should not be treated as the price level or date of his September forecast. (The Block)

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Why does he think Bitcoin may have bottomed?

The four-year cycle and halving timing

Armstrong’s June explanation invoked Bitcoin’s four-year cycle, a framing that relates its historical price patterns to halving events. A halving reduces the rate at which new bitcoin is issued. Armstrong’s September outlook similarly linked the expected recovery to the next halving, although the reported comments do not establish that the timing guarantees a price rise. (Yahoo Finance)

Past drawdowns have become shallower in the cited examples

The Motley Fool reported that Bitcoin’s peak-to-trough drawdown was 86% at the 2015 low, 84% at the 2018 low, and 77% at the 2022 low. The sequence is consistent with less severe declines across those three cited lows, which can make the cycle-bottom argument appear plausible. These are figures reported by The Motley Fool in 2026, not independently recalculated here. (The Motley Fool, July 2026)

Low cited Reported peak-to-trough drawdown Source
2015 86% The Motley Fool, 2026
2018 84% The Motley Fool, 2026
2022 77% The Motley Fool, 2026

What was Bitcoin’s price when Armstrong made the September call?

The Block reported Bitcoin trading near $78,000 on September 10, 2026, down about 1.7% over the prior 24 hours and roughly 38% below the then-reported all-time high of $126,000. Those are snapshots from the date of that report, not current prices or proof that the decline had ended. (The Block, September 10, 2026)

Does history prove Bitcoin has hit its bottom?

No. Three historical drawdowns are a small sample, and a sequence of shallower declines does not establish that a low in the current cycle is durable. The Motley Fool itself cautioned against assuming Bitcoin will behave exactly as it did in earlier cycles. (The Motley Fool, July 2026)

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The available reporting also does not provide a complete price series establishing the final low of the current cycle or a rigorous scorecard of Armstrong’s past cycle-bottom predictions. It supports describing the historical pattern and his view, but not claiming that history verifies the forecast.

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How certain is Armstrong about the call?

Armstrong acknowledged the uncertainty in a June Yahoo Finance interview: “Well, nobody knows for sure on these things, right?” That caveat is important because identifying a bottom generally requires seeing what prices do afterward; a forecast made during a decline cannot by itself establish that the low has held. (Yahoo Finance, June 18, 2026)

Armstrong is Coinbase’s CEO, and his company’s business is connected to cryptocurrency markets. That is relevant context for readers, but the cited material does not establish that this relationship motivated his prediction. His forecast should be attributed to him rather than presented as a Coinbase finding.

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