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- Bitcoin Could Hit $1M by 2030
Bitcoin Could Hit $1M by 2030
PLUS: JPMorgan Says Ethereum Is Beating Bitcoin
Welcome back to The Warmup.
Where Jackson Hole isn’t the only place making big moves this week.
Here’s what we’re watching:
Market Snapshot
JPMorgan Says Ethereum Has the Edge Over Bitcoin
ETH Breakout Play
Brian Armstrong Joins the $1M Bitcoin Club
What We’re Watching
Market: Crypto majors traded mostly lower ahead of Powell’s Jackson Hole comments. XRP and SOL saw mild pressure, though alts like ZEC, OKB, and Morpho showed strength, topping the day’s movers.
JPMorgan Says Ethereum Has the Edge Over Bitcoin
What’s going on:
The SEC is expected to approve staking for Ethereum ETFs. That would let investors earn staking rewards without needing to lock up 32 ETH.
Companies are starting to buy Ethereum. Around 10 public companies now hold ETH, equal to 2.3% of the supply, and some plan to earn income by staking or using DeFi.
Regulators are easing concerns. SEC staff suggested liquid staking tokens might not be treated as securities. It’s not official yet, but it has reassured institutions.
ETFs just got an upgrade. The SEC approved in-kind redemptions, which let investors redeem ETF shares directly in crypto instead of cash. This makes ETFs cheaper, faster, and more liquid.
What it means:
Ethereum ETFs pulled in a record $5.4B in July, matching Bitcoin for the month. Since then, Bitcoin ETFs have slowed while Ethereum ETFs are still gaining new inflows.
Ethereum adoption still lags Bitcoin, which leaves more room for growth. If institutions and companies keep buying in, ETH could keep climbing.
This cycle isn’t just about retail traders. The real demand is coming from Wall Street and corporate treasuries, and that’s where the momentum lies.
ETH Breakout Play
What’s going on:
Ethereum is showing strong momentum despite Bitcoin’s dip to 112K yesterday. Price broke out of a 4H trendline and is holding steady around the 4375–4400 resistance zone.
Even a small push from Bitcoin back to 114K could send ETH into the 4700–4800 range. So far, there are no signs of momentum slowing down.
Key levels we’re watching:
Support: 4140 → holding above here keeps bulls in control
Resistance: 4375–4400 → current 4H ceiling
First target: 4750 → first take-profit level
Breakout zone: 4700–4800 if BTC strength continues
Directional Bias: Bullish
ETH remains a high-conviction long while holding above key support. Momentum is intact, and BTC recovery could act as a catalyst for further upside.
What we’re waiting for:
Continuation above 4400 with volume
Bitcoin reclaiming 114K to fuel ETH’s next leg
Confirmation toward 4,750 before trimming
Ethereum looks strong here, with our long trade still active and playing out as expected.
Brian Armstrong Joins the $1M Bitcoin Club
What’s going on:
Coinbase CEO Brian Armstrong just shared his boldest prediction yet: Bitcoin could hit $1,000,000 by 2030.
On the Cheeky Pint podcast, Armstrong laid out three big drivers behind his call:
Regulatory clarity, with the U.S. leading the way and setting the tone for the rest of the world.
Institutional adoption, with ETFs, treasuries, and banks going deeper into Bitcoin.
Government reserves, even hinting at the possibility of a U.S. “Strategic Bitcoin Reserve.”
He’s not alone. Jack Dorsey has also predicted $1M BTC, Cathie Wood has called for as high as $3.8M, and Michael Saylor has gone further with $40M by 2040.
What it means:
Armstrong’s words carry weight. As the CEO of the biggest U.S. exchange, he’s deeply involved in crypto’s regulatory future.
Big round numbers like $1M matter for psychology and narrative. They give long-term investors a target, drive institutional FOMO, and shape how newcomers think about entry points.
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Brian Armstrong says Bitcoin could hit $1M by 2030. |
Right now dips are still a buying opportunity because the data shows we’re in a risk-on environment.
Liquidity is rising, financial conditions are easy, and the business cycle is still far from a peak.
When those signals change, the strategy will flip from buying dips to selling rips, but we aren’t there yet.
Until then, the smart move is to keep accumulating and stay calm through the bull market.
— The Warmup Team
Always do your own research. This newsletter is supplemental material to help educate readers as they make their own decisions. Projects mentioned here are provided to give a potential early-mover advantage.