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Coinbase CEO Brian Armstrong Just Doubled Down On His $400,000 Price Target for Bitcoin. Here's Why He's Wrong

Coinbase CEO Brian Armstrong Just Doubled Down On His $400,000 Price Target for Bitcoin. Here's Why He's Wrong

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Bitcoin's code cuts the supply of new coins in half roughly every four years.

Yet, Armstrong's target needs the next step to be taller again.

Anders Bylund is a contributing Motley Fool media and technology analyst covering semiconductors, cloud computing, internet infrastructure, quantum computing, and streaming media.

Host Nicole Lapin asked the Coinbase Global (NASDAQ: COIN) chief whether he still expected Bitcoin to reach $400,000 by 2030.

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