Coinbase CEO: Bitcoin May Be Approaching New Bull Market

Armstrong's read matters less as a forecast than as a signal of how the industry's largest listed exchange wants the current setup framed. His emphasis on institutional interest and friendlier regulation points to the themes Coinbase itself is exposed to, so the comment doubles as positioning as much as market commentary. The open question is whether that institutional and regulatory momentum actually translates into sustained demand, or remains a narrative that outruns flows.