Coinbase CEO Brian Armstrong said Bitcoin is “very likely” to reach $300,000 to $400,000 by 2030, citing what he described as improving US crypto regulation following this week's White House meeting with technology industry leaders. The prediction, roughly four to nearly six times bitcoin's current price near $70,000, arrived alongside a separate, more concrete announcement: Coinbase is formally standing up a tokenization hub in Abu Dhabi.
The exchange received Financial Services Permission from the Abu Dhabi Global Market's Financial Services Regulatory Authority on August 13, clearing it to arrange deals in investments and provide custody services in support of tokenized securities. Coinbase says the hub will launch with tokenized equities, and Coinbase Institutional co-CEO Brett Tejpaul has argued that no major financial center has yet built a framework that treats tokenized equities simultaneously as securities, blockchain-native tokens and DeFi-composable assets — the gap Coinbase is positioning ADGM to fill.
Betting on the CLARITY Act
Armstrong separately said he expects the CLARITY Act, the market-structure bill that would classify digital assets and split oversight between the SEC and CFTC, to secure more than 60 votes in the Senate when it comes up for a cloture vote on September 15. That confidence stands out against prediction markets, where odds of the bill passing in 2026 have fallen to roughly 30% as of this week, down sharply from 82% back in February — a gap between Coinbase's public optimism and the market's more guarded pricing of the bill's chances.
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Tokenized Equities as the Next Front
The Abu Dhabi launch fits a broader pattern of exchanges racing to build tokenized-securities infrastructure offshore while US regulatory clarity remains pending. Coinbase has said a US rollout of tokenized equities could follow the ADGM launch, though the company has not committed to a timeline, and any American launch would likely depend on exactly the kind of market-structure legislation Armstrong is now betting will clear the Senate next month.
Taken together, the two announcements read as a hedge: build the infrastructure in a jurisdiction that has already granted approval, while lobbying publicly for the US framework that would let the same products launch at home.
