Cathie Wood’s New Bitcoin Target: ‘Only’ $1.2 Million By 2030—And Stablecoins Are To ‘Blame’
Posted On November 6, 2025
Ark Invest has adjusted its long-term bullish outlook on Bitcoin (CRYPTO: BTC) from $1.5 million by 2030 down to $1.2 million, citing the rapid rise of stablecoins as a factor for its downward revision.
What Happened: In a CNBC Squawk Box interview on Wednesday, CEO Cathie Wood pointed out that with stablecoins increasingly fulfill the transactional role that ARK once expected Bitcoin to play.
Wood emphasized that this doesn’t diminish Bitcoin’s “digital gold” use case.
She …
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