Key Takeaways
Why did Cathie Wood revise ARK Invest’s Bitcoin forecast for 2030?
She adjusted the bull case from $1.5 million to $1.2 million, as stablecoins are increasingly fulfilling roles once expected of Bitcoin.
Does Wood still believe in Bitcoin’s long-term value?
Yes, she remains confident in Bitcoin’s fundamentals, viewing it as digital gold and the crypto world’s reserve currency.
ARK Invest CEO Cathie Wood has adjusted her long-term outlook on Bitcoin [BTC], acknowledging that stablecoins are rapidly taking over some of the roles she once expected the world’s largest cryptocurrency to fill.
Cathie Wood on stablecoins vs. Bitcoin
Speaking on CNBC’s Squawk Box, Cathie Wood highlighted the rapid growth of stablecoins, noting that their adoption is outpacing expectations.
She emphasized that this trend is particularly strong in emerging markets, where stablecoins are being increasingly used as digital equivalents of traditional dollars for everyday transactions and savings.
Interestingly, these are the very regions where Wood had previously predicted Bitcoin would take the lead.
Now, however, stablecoins appear to be filling that role more effectively.
Wood said,
“Stablecoins are usurping part of the role that we thought bitcoin would play. Given what’s happening to stablecoins … we could take maybe $300,000 off of that bullish case.”
Cathie Wood revealed that ARK Invest has updated its long-term forecast for Bitcoin, adjusting the firm’s 2030 projections. The bullish case target has been lowered from $1.5 million to $1.2 million, reflecting a more measured outlook.
According to the revised estimates, Bitcoin is now expected to reach $1.2 million in a bullish scenario. In contrast, the base case projects a price of $600,000, while the bear case anticipates a more conservative target of $500,000 by the end of the decade.
Is Wood losing confidence in Bitcoin?
Despite the adjustment, Wood emphasized that her confidence in Bitcoin’s fundamentals remains firm, pointing to rising institutional adoption, growing regulatory clarity, and Bitcoin’s limited supply as key forces that continue to support its long-term value.
Wood added,
“Bitcoin continues to be the most secure and decentralized form of digital money.”
Acknowledging the rapid rise of stablecoins, Wood emphasized that Bitcoin still plays a distinct and irreplaceable role in the crypto ecosystem.
She asserted that both assets can thrive together, wherein stablecoins will dominate everyday transactions, while Bitcoin will serve as the “reserve currency of the crypto world.”
Wood compared Bitcoin to digital gold and stated that it could capture at least half of gold’s market capitalization.
She explained that stablecoins, often used as digital dollars, are growing more rapidly than previously expected. However, she emphasized that this surge in adoption doesn’t threaten Bitcoin’s long-term value.
On the contrary, she argued that stablecoin growth actually reinforces the broader digital economy, creating a stronger foundation for all crypto assets, including Bitcoin.
What’s Trump’s plan?
This development also aligned with President Donald Trump’s push to position the U.S. as the “world’s leading Bitcoin nation.”
His pro-innovation stance has reshaped both political and market narratives surrounding crypto.
As a result, institutional inflows have reached record levels, helping drive Bitcoin’s price past the $100,000 mark and reinforcing America’s growing influence in digital finance.
However, as optimism collides with uncertainty, the true impact of Trump’s crypto revolution remains to be seen.
Its legacy will depend on whether it sparks a genuine era of financial transformation or simply marks another speculative cycle.
