Coinbase CEO calls for a $1 million blow to Bitcoin

Morning Minute is a daily written newsletter Tyler Warner. The analyses and opinions expressed are his own and do not necessarily reflect the analysis of decoding. Subscribe to Morning Moment Subsack.

GM!

Today’s Top News:

• The code is mainly red towards Jackson Hole. BTC -1% is $112,300
• Metamask introduces the new Stablecoin Musd for launch on ETH + Linea
• Plasma’s XPL will debut at $0.45 in the pre-lipid market, nine times more than before July’s pre-pre
• Xcopy piece “Death Wannabe” is on sale for $475,000
• Kanye Token Yzy will go from 37% to $0.69

brian Brian Armstrong joins the Million-dollar Bitcoin Club

Coinbase CEO Brian Armstrong laid out his big target:

Bitcoin could reach $1,000,000 by 2030.

📌What happened?

Talk about A cocky pint Podcast, Armstrong laid out a bold paper for Bitcoin’s future, predicting $1 million in BTC within the next five years.

His rationale focuses on three major drivers:

• The clarity of regulations that the US has paved the way for “the rest of the G20.”
• The institutional adoption with ETFs, the Treasury and banks is further leaning on cryptography.
• The government will bring the idea of ​​a strategic Bitcoin reserve to emerge as a potential tailwind.

He is on the Bitcoin Bulls’ growing list. Jack Dorsey also forecasts a $1 million BTC, with Cathy Wood projecting up to $3.8 million by 2030.

And it doesn’t take into account some of Michael Saylor’s predictions (over $40 million by 2040).

🧠Why is it important?

Anyone can make such a big bull call.

But some calls are more important than others.

Brian Armstrong’s view is the CEO of the largest US crypto exchange and has the weight of being a key player in regulatory conversations.

Big targets like a million dollar drive:

• Market Psychology: Big rounds, including long-term stories of $1 million fuel fuel and investor convictions, even if short-term volatility is dominated.
• Institutional FOMO: With ETFs booming and the Ministry of Finance accumulating, the foundations for Armstrong’s paper are already laid out.
• Strategic Framing: The US idea of ​​”Bitcoin Reserve” may sound wild, but in a world where states compete for economic sovereignty, it’s not a big deal.

And these targets make it easier for first-time buyers of $100,000 or more.

$1 million is a meme number, but memes seem to find a way to exist in the code.

The last big thing was that the early Bitcoiners “sell to bankers.” What should you guess, it’s happening aggressively.

So if a million dollar BTC is enough members, that would be there too…

🌎 Macro Cryptography and Memes

Some ciphers and Web3 headings that caught my eye:

• Crypto Majors Before Powell’s comments at Jackson Hole this morning, it was pretty much red: BTC -1% is $112,300, ETH is $4,285, XRP -3% is $2.80, and SOL -2% is $180.
• ZEC (+11%), OKB (+7%) and Morpho (+4%) led the top movers
• ETH ETF After four red sessions, I posted the first day of net inflow ($2.876 million)
• Meta Mask Announce Stablecoin Musd and come to ETH and Linea soon
• Long time bitcoin jelly Move 670 btc (~$75m) to open a leveraged long position with Ethereum
• occ After the bank met AML compliance, it revoked its consent order on Anchorage Digital and restored its status as the only federal charter crypto bank in the United States
• theme Considering removing Stablecoin’s CBDC plan
• DBS Bank in Singapore Expands Ethereum-eroded structured notes to provide institutional investors with blockchain access to crypto-linked products
• Gemini Securing MICA licenses in Malta, enabling greater compliance to more than 30 European countries under EU crypto regulations

Ministry of Finance of Corporate

• Vivo power Pivoted by XRP and Ripple Equity to acquire $100 million in Ripple shares along with XRP financial strategy

With memes

• Memecoin Reader It’s green on the day. Doge +2%, Shiba +1%, Pepe +3%, Pengu +4%, Bonk +2%, Trump -2%, SPX -4%, and Fartcoin -3%
• yzy fell another 37% On the day, the MC will be $0.69 and $89 million.
• spark (+80%), Troll (+20%) and Bitty (+165%) LED Onchain Sol Meme Movers

token, airdrop, protocol tracker

This is a summary of the major tokens, protocols and airdrop news of the time.

• Plasma XPL Token It was published for pre-market PERPS trading with high lipids and opened with a $46.5 billion FDV
• Coinbase Trump-backed USD1 Stablecoin has been added to the list roadmap from World Liberty Financial, expanding the Stablecoin lineup

ai x crypto

Section dedicated to the AI ​​sector headings of the Cryptocurrency:

• Overall market capitalization Less than 4% fell by $11.8 billion, with leaders almost red.
• fartcoin (-4%), Virtual (-4%), Tibbir (+4%), AI16Z (-3%) & VVV (-7%)
• FXN (+24%), Simmi (+22%), Iris (+15%) Led Top Mover

What’s going on in nfts?

Here’s a list of other notable headlines for the day for the NFTS:

• The ETH NFT reader was mixed. Punk +48.3 ETH, Pudgy -1%12.44, Bayc -2%11.4 ETH
• Reflection (+19%) and Mebit (+10%) He was a top renowned mover.
• Bitcoin nfts Most were red or there were no notable movers.
• Summary NFT Most were green, led by the final Bosu (+27%) and Och Heroes (+15%)
• 10 Xcopy Edition of ‘Death Wannabe’ Sold for $475,000 (only 4 editions still exist)
• Hypeed new mint celebrity After debut, trading below 0.08 ETH MINT price