Coinbase CEO Brian Armstrong has stated that Bitcoin could reach $1 million by 2030, sharing his views on the Cheeky Pint podcast. He identifies three key drivers behind this bullish prediction: regulatory clarity, increased institutional adoption through ETFs and banks, and the concept of a U.S. Strategic Bitcoin Reserve. Armstrong's predictions resonate in a crypto environment where bullish sentiments are gaining momentum, joining other prominent figures like Jack Dorsey and Cathie Wood. The implications of such high targets like $1M are significant for market psychology and institutional investments, as these numbers often generate investor interest and create psychological price points that could drive market behavior. Furthermore, amidst ongoing market volatility ahead of crucial economic comments from Jerome Powell at Jackson Hole, major cryptocurrencies, including Bitcoin, are showing varied performance. This indicates the ongoing influence of macroeconomic factors on the cryptocurrency market.

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