Coinbase CEO: Bitcoin May Be Approaching the Next Bull Market Cycle

Odaily Planet Daily News: In an interview with CNBC, Coinbase CEO Brian Armstrong stated that the crypto market may be on the verge of the next bull run. Armstrong said: "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 focus on the progress of the U.S. CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.

He stated that, based on historical patterns, in the cycles following Bitcoin halvings, October, November, and December tend to be stronger months for Bitcoin, and the market may usher in a new upward phase.

Armstrong has previously emphasized on multiple occasions that an improved regulatory environment, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. These remarks also reflect Coinbase's optimism regarding a shift in the market cycle ahead. (BitcoinMagazine)