Brian Armstrong, CEO of Coinbase, has predicted that Bitcoin could reach $1 million by 2030, attributing this potential rise to clearer regulations in the U.S. and the establishment of the U.S. Strategic Bitcoin Reserve. While he is hopeful for progress in regulatory frameworks, some analysts, including James McKay from McKay Research, advise caution, suggesting that the focus should be on maintaining Bitcoin's price around $124,000, especially after it recently fell from its all-time high. McKay acknowledges that predictions for future Bitcoin prices, such as Standard Chartered's estimate of $500,000 by 2028, could be optimistic but are not unimaginable given the growing institutional interest in Bitcoin and spot Bitcoin ETFs. However, he also points to potential headwinds including the U.S. Federal Reserve's monetary policy and the future political landscape that might not favor cryptocurrencies. Other notable figures in the crypto space, like ARK Invest and Jack Dorsey, have similarly forecasted significant Bitcoin growth by 2030, but concerns exist that such rapid price increases might indicate underlying economic troubles.

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