Cathie Wood cut her bitcoin target by $300,000, saying stablecoins are absorbing demand in emerging markets once expected to drive BTC growth.
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Posted November 7, 2025 at 9:50 am EST.
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 to stablecoin adoption. She maintains that bitcoin remains “digital gold” within a global monetary system, distinct from stablecoins representing tokenized cash on blockchain networks.
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Standard Chartered projects dollar-pegged stablecoins could extract over $1 trillion from legacy banking systems in emerging markets by 2028. Venezuela exemplifies this trend, where 269% annual inflation drove millions toward Tether’s USDT as a savings vehicle.
The combined supply of USDT and USDC has reached nearly $260 billion. Wood emphasized institutions are just beginning their bitcoin participation despite her adjusted forecast.
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