Coinbase CEO: Bitcoin may be approaching the next bull market cycle

Odaily Planet Daily reported that Coinbase CEO Brian Armstrong said in a CNBC interview that the cryptocurrency market may be on the verge of the next bull run. Armstrong stated, "I think there's a very good chance we are standing at the threshold of the next bull market." He noted that the market will soon pay attention to the progress of the U.S. CLARITY Act vote on September 15, as well as the seasonal impact of the Bitcoin halving cycle.

He said that based on historical patterns, in the cycles following Bitcoin halvings, October, November, and December are typically months when Bitcoin performs well, and the market may usher in a new phase of growth.

Armstrong has repeatedly emphasized that improvements in the regulatory environment, inflows of institutional capital, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His remarks also reflect Coinbase's optimistic outlook on the shift in the market cycle ahead. (BitcoinMagazine)