{"id":48719,"date":"2025-11-06T13:56:21","date_gmt":"2025-11-06T18:56:21","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48719"},"modified":"2025-11-06T13:56:44","modified_gmt":"2025-11-06T18:56:44","slug":"cathie-wood-lowers-bitcoin-2030-target","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/cathie-wood-lowers-bitcoin-2030-target","title":{"rendered":"Cathie Wood Lowers Bitcoin 2030 Target To $1.2 Million as Stablecoins Gain Popularity\u00a0"},"content":{"rendered":"
<\/div>\n

ARK Invest CEO Cathie Wood has adjusted her long-term Bitcoin forecast, citing the rise of stablecoins as a force in the crypto space.<\/p>\n\n\n\n

Speaking on CNBC\u2019s Squawk Box<\/em> Thursday, Wood said<\/a> that stablecoins are increasingly serving as digital dollars for payments and remittances \u2014 functions she previously expected Bitcoin to fulfill.<\/p>\n\n\n\n

\u201cStablecoins are usurping part of the role that we thought Bitcoin would play,\u201d Wood said. \u201cGiven what\u2019s happening with stablecoins, we could take maybe $300,000 off that bullish case.\u201d <\/p>\n\n\n\n

The adjustment reduces ARK Invest\u2019s 2030 Bitcoin price target from $1.5 million to $1.2 million, although Wood emphasized that the cryptocurrency\u2019s long-term potential<\/a> as \u201cdigital gold\u201d remains intact.<\/p>\n\n\n\n

Wood noted that this stablecoin trend reflects broader adoption and signals that Bitcoin\u2019s role is evolving more toward a store-of-value function rather than a transactional one.<\/p>\n\n\n\n

\u201cBitcoin is still strengthening its role as a global store of value, but in the payment area stablecoins are becoming a more practical means,\u201d Wood said. <\/p>\n\n\n\n

She also touched on Bitcoin\u2019s decentralized network and limited supply as key drivers of its long-term economic momentum.<\/p>\n\n\n\n

Galaxy Digital also drops Bitcoin target<\/h2>\n\n\n\n

Galaxy Digital recently lowered its year-end target<\/a> to $120,000, down from $185,000, citing large-scale selling by whales, rotations into assets like gold and AI, and leveraged liquidations. <\/p>\n\n\n\n

Alex Thorn, Galaxy\u2019s head of research, described this period as a \u201cmaturity era,\u201d in which lower volatility and institutional absorption dominate the market.<\/p>\n\n\n\n

Despite the temporary pullbacks, JPMorgan analysts remain bullish<\/a> on Bitcoin, projecting prices could climb to $170,000 over the next six to twelve months as leverage in futures markets resets. <\/p>\n\n\n\n

Bitcoin itself has faced a turbulent month. Following an all-time high above $126,000<\/a> in early October, the cryptocurrency has fallen roughly 19%, dipping below $100,000 for the first time in four months amid panic selling and cascading liquidations.\u00a0At the time of writing, Bitcoin is at $101,950. <\/p>\n\n\n\n

While some analysts argue that a decline of 20% or more signals a bear market, others maintain that such corrections remain typical within crypto cycles.<\/p>\n\n\n\n

Despite all this volatility, Wood reaffirmed ARK Invest\u2019s long-term bullish stance. \u201cBitcoin is a technology, a global monetary system, and a new asset class all wrapped in one,\u201d she said. \u201cWe have just started, so we have a long way to go.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

ARK Invest CEO Cathie Wood lowered her 2030 Bitcoin forecast from $1.5 million to $1.2 million. <\/p>\n","protected":false},"author":3817,"featured_media":48720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":{"0":"post-48719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Cathie-Wood-Lowers-Bitcoin-2030-Target-To-1.2-Million-as-Stablecoins-Gain-Popularity-.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48719"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48720"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}