ARK Invest’s Cathie Wood Lowers Her Bitcoin Price Target – Here’s Why

by

The price of Bitcoin is currently languishing just shy of $103,000, having taken a 16% dip in the past month. Even the most fervent cheerleaders of the digital gold rush are beginning to temper their enthusiasm. Shocking, I know.

Enter Cathie Wood, CEO of ARK Invest and a woman whose Bitcoin price projections have often been bolder than a lion on a caffeine high. Speaking on CNBC’s Squawk Box, she confessed to slashing her bullish Bitcoin price target by a paltry $300,000. The reason? The meteoric rise of stablecoins-yes, those annoyingly stable little creatures that everyone underestimated. Apparently, they’ve decided to snatch the role Bitcoin was supposed to dominate. How dare they?

Stablecoins: The New Kid on the Block

According to Wood, stablecoins are doing exactly what she and her team had initially expected Bitcoin to do-become the go-to financial tool for emerging economies. Alas, stablecoins have done it better, and faster. Who knew that a market once considered Bitcoin’s exclusive domain would be so easily outpaced by its less glamorous cousin? ARK Invest has now revised its long-term Bitcoin projection downward, from $1.5 million to $1.2 million by 2030. Talk about a slice of humble pie.

In Wood’s words, “Stablecoins are scaling here much faster than anyone,” which is her polite way of saying, “Oops, we didn’t see that coming.” They’re growing so quickly, in fact, that they’ve begun to chip away at Bitcoin’s market share. At this rate, Bitcoin might need to send them a thank-you card. Or a subpoena.

Gold, Institutions, And the Larger Game

When asked about gold’s role in her forecast, Wood clarified that the $300,000 reduction assumes that all other things remain the same, including gold’s glittering performance. And wouldn’t you know it-gold has doubled in value since ARK Invest’s original Bitcoin prediction. Perhaps the glitter of gold has outshone Bitcoin’s digital gleam? But not so fast. Wood insists Bitcoin’s fundamental investment case remains as solid as ever, as it is both “digital gold” and a tech innovation laying the groundwork for a new global monetary system. So, no, she’s not calling it quits just yet.

While Bitcoin may be the “lead in a new asset class,” stablecoins, according to Wood, are merely “digital cash equivalents.” They’re not taking over the world just yet, folks, but they sure are nibbling at the edges. The relationship between Bitcoin, gold, and stablecoins, as Wood puts it, is like a game of tug-of-war-there are “puts and takes” involved. One minute, Bitcoin’s ahead; the next, stablecoins are pulling it back.

So, while ARK Invest has dialed back its expectations, Wood remains bullish-well, cautiously optimistic-about Bitcoin’s long-term future. Institutional interest, she believes, is still in its infancy. The big financial players are only dipping their toes into the Bitcoin waters, testing new payment systems and digital asset integrations. Early days, my friends, early days.

Wood, ever the eternal optimist, believes that Bitcoin’s journey is just beginning. “We have just started,” she said, as if reminding us that Rome wasn’t built in a day and neither, apparently, was the next global currency. And to think we were all in such a rush.

As of writing, Bitcoin is sitting at $102,413, up by 1% in the last 24 hours but down by 7% over the past week and a stunning 16% over the past month. Things are looking less than stellar, but hey-Wood’s not done dreaming just yet.

Read More

2025-11-08 13:54