Coinbase’s Brian Armstrong still thinks Bitcoin will hit $400,000 in 4 years

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong maintains that Bitcoin could still climb to $400,000 by 2030. During a September 19 interview with the MoneyRehabPodcast, Brian reiterated this projection, which is rooted in historical market cycles where the network reduces the supply of newly minted BTC entering circulation roughly once every four years.

Past halving events have frequently preceded dramatic rallies, followed by significant corrections lasting nearly a year. Brian noted that a similar repeating cycle could push Bitcoin to roughly triple its previous peak before 2030.

However, Brian cautioned that this projection relies on Bitcoin continuing to mirror past patterns, emphasizing that historical price movements cannot definitively predict the future. Consequently, the target remains a plausible scenario rather than a guaranteed outcome.

On Pluang, Coinbase shares traded at $198.85 at 16:01 WIB on September 25, marking a 24-hour decline of 0.18%. The cryptocurrency exchange held a market capitalization of $52.27 billion, with its 52-week trading range spanning from $141.09 to $387.27.

Coinbase adds fixed Bitcoin loans while ETF buyers pour $2.4 billion into the market

Coinbase has broadened its financial services by introducing fixed-rate USDC loans backed by Bitcoin. Borrowers are informed of their total interest costs and repayment schedules upfront, insulating them from fluctuating market conditions.

This offering utilizes Morpho Midnight, a decentralized lending protocol launched in July. The protocol does not custody user funds and facilitates borrowing at fixed terms and predetermined rates. Network transactions settle on Base, Coinbase’s Ethereum Layer-2 blockchain.

This new fixed-rate product will run alongside Coinbase’s existing Morpho Blue lending option, which relies on variable borrowing rates influenced by prevailing loan demand and available liquidity, leading to higher costs during peak borrowing periods.

Currently, Coinbase’s variable-rate lending market accounts for over $1.4 billion in active loans backed by nearly $3 billion in total collateral.

Meanwhile, demand for spot Bitcoin exchange-traded funds has surged. Data from SoSoValue cited by The Block indicates that U.S. funds pulled in $2.4 billion in net inflows during the week ending September 25, marking their strongest weekly performance since October 2025.

Monday drove a significant portion of those gains, with the 12 tracked Bitcoin ETFs taking in $999 million in a single day. This represented their highest daily intake since October 6, 2025, and the ninth-largest daily inflow since U.S. spot Bitcoin ETFs launched in January 2024.

These inflows pushed annual figures back into positive territory for 2026, bringing year-to-date net flows to approximately $934.1 million—a notable turnaround from July 13, when the same group sat at roughly $5.8 billion in net outflows.

Since their inception, these funds have accumulated roughly $57.6 billion in total net inflows, with combined net assets reaching about $108.4 billion as of Friday.

According to Bloomberg ETF analyst Eric Balchunas, the shift in fund flows stems from the Treasury’s intention to boost purchases of longer-term Treasuries.

Pete Hegseth reports Bitcoin holdings as his household cash balance jumps above $1 million

Defense Secretary Pete Hegseth has disclosed personal holdings in Bitcoin as part of his recently published 2025 annual ethics filing, which reports at least $3.1 million in combined cash, retirement accounts, and BTC.

The documentation reveals more than $1 million held in a single bank account. Pete, a former Fox News anchor who assumed the role of Defense Secretary in January 2025, is also facing impeachment calls from members of his own party regarding his management of the conflict with Iran.

Pete’s disclosure details five retirement accounts valued collectively between approximately $2.05 million and $4.35 million. Three accounts belonging to Pete accounted for between $500,000 and $1.25 million.

Meanwhile, his wife, Jennifer Hegseth, held two Rollover IRAs valued between approximately $1.55 million and $3.1 million.

The couple also reported three cash accounts, including one designated simply as being worth “more than $1 million,” alongside a Bitcoin position valued between roughly $16,000 and $65,000.

Because federal disclosure forms use wide financial ranges, exact year-over-year wealth comparisons remain difficult. Pete’s December 2024 nomination disclosure placed his total financial assets between $1.4 million and $3.4 million. In the latest filing, the minimum threshold sits at $3.1 million without an upper bound due to the uncapped nature of the largest cash account.

The most prominent adjustment appears in the bank balances. Pete’s previous filing listed an account designated as “U.S. Bank #2” with a value between $15,001 and $50,000, whereas the current filing lists an account under the same name valued at over $1 million.

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