Cathie Wood Lowers Bitcoin 2030 Target To $1.2 Million

**Cathie Wood Lowers Long-Term Bitcoin Price Target Amid Stablecoin Growth**

ARK Invest CEO Cathie Wood has adjusted her long-term Bitcoin forecast, citing the rise of stablecoins as a significant force shaping the cryptocurrency landscape.

Speaking on CNBC’s *Squawk Box* Thursday, Wood explained that stablecoins are increasingly serving as digital dollars for payments and remittances—functions she had 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.”

This change reduces ARK Invest’s 2030 Bitcoin price target from $1.5 million to $1.2 million. However, Wood emphasized that Bitcoin’s long-term potential as “digital gold” remains intact.

She noted that the rise of stablecoins reflects broader adoption across the crypto space and signals an evolution in Bitcoin’s role—from transactional use toward primarily serving as a store of value.

“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 highlighted Bitcoin’s decentralized network and limited supply as key drivers of its long-term economic momentum.

### Galaxy Digital Also Lowers Bitcoin Target

In related news, Galaxy Digital recently reduced its year-end Bitcoin target from $185,000 to $120,000. The firm cited factors such as large-scale selling by whales, shifts into assets like gold and artificial intelligence (AI), and leveraged liquidations affecting the market.

Alex Thorn, Galaxy’s head of research, described this phase as a “maturity era,” characterized by lower volatility and increasing institutional absorption.

Despite these temporary pullbacks, optimism remains in the market. JPMorgan analysts continue to hold a bullish view, projecting that Bitcoin prices could climb to $170,000 over the next six to twelve months as leverage in futures markets resets.

### Bitcoin’s Recent Market Volatility

Bitcoin has experienced a turbulent month. After reaching 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 liquidations.

At the time of writing, Bitcoin is trading around $101,950.

While some analysts argue that a decline of 20% or more may signal a bear market, others maintain that such corrections are typical within crypto cycles.

### Long-Term Outlook Remains Bullish

Despite the recent volatility and shifting forecasts, Cathie Wood reaffirmed ARK Invest’s long-term bullish stance on Bitcoin.

“Bitcoin is a technology, a global monetary system, and a new asset class all wrapped in one,” she said. “We have just started, so we have a long way to go.”
https://bitcoinethereumnews.com/bitcoin/cathie-wood-lowers-bitcoin-2030-target-to-1-2-million/

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