Anthony Bassili, president of Coinbase Asset Management — the asset management arm of Coinbase, the publicly listed crypto exchange — says his team's price target for Bitcoin is north of $300,000 by 2030. In an interview with Bitcoin Magazine, Bassili also explained why he expects Bitcoin's cycle returns to shrink from a larger base, and why gold parity is a longer-term trend.

The conversation covered what Coinbase Asset Management does, how pensions, endowments, and sovereigns approach Bitcoin, wealth advisors and the 1–5% Bitcoin allocation, and the Coinbase Bitcoin Yield Fund, including who uses it and why. Taken together, the topics trace the two channels the discussion keeps returning to: institutional allocators such as pensions, endowments, and sovereign funds, and the wealth advisors who frame Bitcoin in 1–5% portfolio terms.

Bassili also discussed tokenized funds and the iCapital feeder — iCapital being a platform long used to distribute alternative investments to the wealth management channel — why tokenization will take time to reach advisors, whether sovereign and pension allocations will keep rising, Bitcoin and gold correlations in the fiscal dominance era, and the Store of Value Index, which combines Bitcoin and gold in one wrapper.

For readers following up on the outlook, the chapters on the price target and shrinking cycle returns (7:34), sovereign and pension allocations (15:54), and Bitcoin–gold correlations (18:14) present Bassili's reasoning in his own words.

The full interview is organized into the following chapters:

• 0:00 What Does Coinbase Asset Management Do?
• 1:01 How Pensions, Endowments, and Sovereigns Approach Bitcoin
• 3:29 Wealth Advisors and the 1–5% Bitcoin Allocation
• 4:04 The Coinbase Bitcoin Yield Fund: Who Uses It and Why
• 7:34 Bitcoin Price Target and Why Cycle Returns Keep Shrinking
• 10:08 Tokenization: Tokenized Funds and the iCapital Feeder
• 12:10 Why Tokenization Will Take Time to Reach Advisors
• 15:54 Will Sovereign and Pension Allocations Keep Rising?
• 18:14 Bitcoin and Gold: Correlations in the Fiscal Dominance Era
• 19:23 The Store of Value Index: Bitcoin and Gold in One Wrapper

Disclaimer: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This article first appeared on Bitcoin Magazine and is written by Patrick Green.