general

Cathie Wood Lowers Bitcoin 2030 Target To $1.2 Million

The post Cathie Wood Lowers Bitcoin 2030 Target To $1. 2 Million appeared com. ARK Invest CEO Cathie Wood has adjusted her long-term Bitcoin forecast, citing the rise of stablecoins as a force in the crypto space. Speaking on CNBC’s Squawk Box Thursday, Wood said that stablecoins are increasingly serving as digital dollars for payments and remittances functions she previously expected Bitcoin to fulfill. “Stablecoins are usurping part of the role that we thought Bitcoin would play,” Wood said. “Given what’s happening with stablecoins, we could take maybe $300,000 off that bullish case.” The adjustment reduces ARK Invest’s 2030 Bitcoin price target from $1. 5 million to $1. 2 million, although Wood emphasized that the cryptocurrency’s long-term potential as “digital gold” remains intact. Wood noted that this stablecoin trend reflects broader adoption and signals that Bitcoin’s role is evolving more toward a store-of-value function rather than a transactional one. “Bitcoin is still strengthening its role as a global store of value, but in the payment area stablecoins are becoming a more practical means,” Wood said. She also touched on Bitcoin’s decentralized network and limited supply as key drivers of its long-term economic momentum. Galaxy Digital also drops Bitcoin target Galaxy Digital recently lowered its year-end target to $120, 000, down from $185, 000, citing large-scale selling by whales, rotations into assets like gold and AI, and leveraged liquidations. Alex Thorn, Galaxy’s head of research, described this period as a “maturity era,” in which lower volatility and institutional absorption dominate the market. Despite the temporary pullbacks, JPMorgan analysts remain bullish on Bitcoin, projecting prices could climb to $170, 000 over the next six to twelve months as leverage in futures markets resets. Bitcoin itself has faced a turbulent month. Following an all-time high above $126, 000 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.

general

Fact Sheet: President Donald J. Trump Strikes Deal on Economic and Trade Relations with China

REBALANCING TRADE WITH CHINA: This week in the Republic of Korea, President Donald J. Trump reached a trade and economic deal with President Xi Jinping of China—a massive victory that safeguards U.S. economic strength and national security while putting American workers, farmers, and families first. This historic agreement includes Chinese commitments to: Halt the flow of precursors used to make fentanyl into the United States. Effectively eliminate China’s current and proposed export controls on rare earth elements and other critical minerals…

general

BTC News: Trump Pledges to Make U.S. the World’s Bitcoin Superpower

The post BTC News: Trump Pledges to Make U. S. the World’s Bitcocom. President Donald Trump commits to making the U. S. a “Bitcoin superpower,” promoting digital asset leadership as a critical strategy against foreign economic competition. The United States is actively prioritizing leadership in the quickly expanding digital asset industry. President Donald Trump recently focused on this critical policy change. This happened at the two-day America Business Forum in Miami. Specifically, he urged all business leaders and the nation to embrace crypto. In particular, he pointed out the increasing significance of Bitcoin as a strategic national asset. White House Unveils Strategy for National Digital Asset Dominance He also stressed how the positive role played by the crypto industry will further propel the American economy to a great extent. This new focus, he explained, helps to ease pressure on the U. S. dollar’s global stature. In addition, this aggressive adoption of digital assets is perceived as a direct and powerful address towards concerns. These issues have to do with the high profile of China in the global digital asset space. Related Reading: US Crypto News: Trump Reaffirms Ambition to Make America the World’s Crypto Capital | Live Bitcoin News The current administration’s recent administrative decisions are very indicative of this narrative of positioning the US as a Bitcoin Superpower. For instance, a significant executive order passed in March of 2025 with the administration of President Trump. This decree made the official strategic Bitcoin reserve. The reserve is funded by the confiscated cryptocurrency of criminal and civil forfeiture cases that are successfully won. This new reserve and the separate digital asset stockpile will be managed with great care by the Treasury Department. The administration has also been working hard to draw up clear regulatory frameworks that are technology-agnostic. As a result, this approach is a serious step away from the complicated process of “regulation by enforcement.”.