US EditionBitcoin Forecast Cut $300,000 by Cathie Wood as Stablecoins Steal Demand
Cathie Wood cuts bitcoin forecast to $1.2 million by 2030 due to stablecoins rapidly expanding in emerging markets, altering digital currency roles.
- On Thursday, Cathie Wood, Ark Invest trimmed her bitcoin bull case, reducing the $1.5 million 2030 forecast by $300,000 due to stablecoins' growth, marking a notable adjustment.
- Ark Invest had long argued bitcoin could serve as both a store of value and global settlement system, yet Wood said stablecoins are encroaching by serving emerging markets rapidly.
- Earlier this week bitcoin dipped below $100,000 and last traded at $102,510 during a broad sell-off, while Wood described bitcoin as a global monetary system and leading technology in a new asset class.
- Institutional interest is shifting toward stablecoins as U.S. institutions focus on new payment rails, Wood said, signaling broader demand and shifting some functional use.
- Wood warned that institutional adoption is early, noting institutions have only begun to enter the market and the digital-asset ecosystem is expanding.
18 Articles
18 Articles
Bitcoin Forecast Cut $300,000 by Cathie Wood as Stablecoins Steal Demand
ARK Invest CEO Cathie Wood reduced her long-term bitcoin price projection by $300,000, citing stablecoins as a competing force in emerging markets. Wood told CNBC on Thursday that stablecoins are scaling faster than anticipated and fulfilling roles previously expected for Bitcoin. Wood initially forecasted bitcoin reaching $1.5 million by 2030, though ARK later raised this to $2.4 million in April. The firm now adjusts downward specifically due …
Best Crypto To Invest In: Cathie Wood Says Stablecoins Are Usurping Bitcoin, DeepSnitch AI Presale Surges to $500K
ARK Invest’s Cathie Wood, who previously projected Bitcoin to reach $1.5M by 2030, cut her prediction by $300K, citing the rise of stablecoins. Wood believes that while the long-term BTC prospects will remain bullish, stablecoins will likely continue eroding Bitcoin’s dominance as the store of value. Meanwhile, the market recovery, which started the day prior, reversed on November 6, leaving many investors wondering what the best crypto to inv…
[Digital Daily Reporter Jo Yoon-jung] Cathie Wood, CEO of Ark Investments, known in Korea for her investments in cryptocurrencies and technology stocks and nicknamed "Money Tree Sister," has adjusted her long-term bullish outlook for Bitcoin. This is because stablecoins are spreading faster than expected and are replacing some of the roles Bitcoin was expected to play. Appearing on CNBC's economic program "Squawk Box" on the 6th (local time), CE…
Cathie Wood Trims Her 2030 Bitcoin Price Prediction To $1.2 Million – Here’s Why - Coin Surges
Amid this week’s crypto market correction, Ark Invest’s CEO and CIO, Catie Wood, has slashed her 2030 bullish forecast for Bitcoin (BTC), highlighting the global momentum of the stablecoin sector. Stablecoins Overtake Part Of BTC’s Role On Thursday, Ark Invest’s CEO, Cathie Wood, joined CNBC’s “Squawk Box” to discuss Bitcoin’s price, her thoughts on stablecoins’ growth, and how her previous bullish forecast for the flagship crypto has evolved ov…
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