Cathie Wood Cuts Bitcoin 2030 Target to $1.2 Million as Stablecoins Capture Transactional Role

Ark Invest cuts Bitcoin’s 2030 target by $300K as stablecoins take over its transactional use case.

Wood maintains Bitcoin’s “digital gold” status despite rising stablecoin dominance in global payments.

U.S. institutions are increasingly adopting stablecoin-based payment systems alongside Bitcoin’s growth.

Cathie Wood, the Founder and CEO of Ark Invest, has revised her long-term forecast for Bitcoin, citing the rapid rise of stablecoins across global markets. Speaking in an interview with CNBC on November 6, Wood revealed that her team has reduced its bullish Bitcoin price projection for 2030 by $300,000, from $1.5 million to $1.2 million. The adjustment, she explained, reflects how stablecoins have increasingly taken over the transactional use case originally expected of Bitcoin, particularly in emerging economies.

While Bitcoin is at the core of Ark Invest’s “digital gold” thesis, Wood emphasized that stablecoins are scaling faster than anticipated. Their growing adoption as a medium of exchange in developing regions has changed expectations for how the crypto market will mature over the next decade.

Stablecoins Redefine Bitcoin’s Early Role

According to Wood, the original outlook positioned Bitcoin as both a store of value and a transactional currency in emerging markets. However, stablecoins, digital assets pegged to fiat currencies, have quickly assumed that transactional role

She noted that these instruments are now serving local economies that were once expected to adopt Bitcoin for payments and remittances. Wood described stablecoins as an expanding segment of the digital asset sector, offering convenience and lower volatility

Their function as digital dollars, she said, has made them more practical for everyday transactions compared to Bitcoin’s volatility. This development prompted Ark Invest to revise the Bitcoin forecast downward by $300,000 while maintaining its long-term confidence in the cryptocurrency’s role as a store of value.

Bitcoin’s “Digital Gold” Narrative Intact

Despite the adjustment, Wood clarified that Bitcoin’s “digital gold” attribute remains unaffected. She stated that Ark’s projection still assumes Bitcoin could match at least half of gold’s total market capitalization

“Most of the important qualities are the same, and some are even better than gold,” Wood said. She added that institutional interest continues to grow, marking only the early stages of adoption.

Furthermore, Wood acknowledged that gold’s recent price appreciation has influenced her team’s models. If gold continues to rise, she explained, it could offset part of the downward revision tied to stablecoins.

Institutional Interest and Global Payment Changes

Wood also noted a broader movement among U.S. institutions exploring new payment systems centered on stablecoins. She described this as part of a global shift toward digital monetary networks operating outside traditional oversight structures

Stablecoins, she said, are emerging as a core element of these systems, while Bitcoin continues to lead as a decentralized and technologically driven monetary framework.

Wood said that both Bitcoin and stablecoins represent distinct but complementary roles in the growing global digital economy. According to her, Bitcoin remains the leading technology in a new asset class, while stablecoins expand access to digital finance through speed and stability.

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