Coinbase CEO: The crypto spot market might be nearing the next bull run Coinbase CEO shared in a CNBC interview that Bitcoin's recent surge could be influenced by the meeting between the White House and crypto industry executives, as well as previous statements from U.S. Treasury Secretary Scott Besant. Armstrong also mentioned that the crypto spot market's bear phase has lasted about a year, historically around 370 to 380 days. The market is now keeping an eye on the procedural vote for the CLARITY Act on September 15, along with Bitcoin's historical performance following the halving cycle from October to December.