On Thursday, Coinbase CEO and founder Brian Armstrong appeared on a Bloomberg Insight video with Haslinda Amin, and he seemed pretty convinced that the worst of bitcoin’s current cycle is behind it.

Bitcoin’s price broke $85,200 earlier today for the first time in over eight months, yet the Coinbase Premium Index, the market’s favorite gauge of U.S. spot demand, slid back below zero.

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Brian Armstrong is sticking with his $400,000 Bitcoin target. His direction looks sound, but the 2030 deadline is a stretch. "I think I have said that publicly before," Armstrong replied, and I ...