- Cathie Wood cuts Bitcoin 2030 forecast to $1.2M.
- Stablecoin adoption cited for the reduction.
- Bitcoin remains a long-term value store.
Cathie Wood, CEO of Ark Invest, has reduced her 2030 Bitcoin price target to $1.2 million, citing stablecoin adoption, during a recent CNBC interview.
This adjustment highlights the growing influence of stablecoins in global payments, notably affecting Bitcoinโs projected role in emerging markets.
Ark Invest Adjusts Bitcoin 2030 Price Target
Ark Invest CEO, Cathie Wood, has revised her 2030 Bitcoin price target from $1.5 million to $1.2 million. The decision reflects the increasing role of stablecoins in global payments and remittances. Woodโs update aired during a CNBC interview.
Wood highlights that stablecoins are filling a role initially expected for Bitcoin in emerging markets. This adjustment in strategy is due to stablecoinsโ fast adoption rates and their growing significance in international monetary transfers, according to Wood.
โStablecoins are usurping part of the role that we thought Bitcoin would play. Given whatโs happening to stablecoins, which are serving emerging markets in a way that we thought Bitcoin would, I think we could take maybe $300,000 off of that bullish case.โ โ Cathie Wood, CEO, Ark Invest, source
The announcement from Ark Invest impacts Bitcoin and enhances the position of stablecoins in financial ecosystems. Bitcoinโs role as a long-term store of value remains recognized despite the revised target.
No significant changes are noted in Arkโs Bitcoin holdings or investment approach. Stablecoins are acknowledged for their rising relevance in exchanges, while Bitcoin dominance has declined to 48%, marking a historic low.
The shift in Bitcoin price expectations reflects a changing cryptocurrency landscape. Stablecoins capture increased attention for their practical use in high-inflation economies, emphasizing Bitcoinโs store-of-value attribute over its utility as a medium of exchange.
This strategic move aligns with broader trends, where stablecoin market cap increased over 40% in 2025. Bitcoin is currently priced near $100,775, indicating a 19% drop from its recent all-time high. On-chain data corroborates these market trends.
