Armstrong called the US a “bellwether for the rest of the G20” and said laws like the Genius Act for stablecoins could push Bitcoin’s growth forward.
Armstrong’s Bitcoin price prediction comes after Bitcoin recently fell to around $113,000, dropping 9% from its recent all-time high of $124,128. Some analysts urge caution before celebrating big gains. from McKay Research said, “Let’s try and hold $124K first,” signaling that Bitcoin needs to stabilize around this level before aiming for even higher prices.
McKay added that Armstrong’s $1 million forecast is not impossible, as firms like Standard Chartered predict Bitcoin could reach $500,000 by 2028. Still, the market must first handle short-term challenges. These include the US Federal Reserve’s interest rate decisions and potential changes in future government regulations that could affect .
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