Bitcoin News Today: Bitcoin vs. Stablecoins: Cathie Wood Cuts 2030 Target as Market Shifts

Cathie Wood, CEO of ARK Invest, has revised her Bitcoin price target to $1.2 million by 2030, down from a prior $1.5 million, citing the rapid rise of stablecoins as a key factor. Speaking on CNBC, Wood acknowledged that stablecoins—digital tokens pegged to traditional currencies—are increasingly serving as payment rails in emerging markets, encroaching on roles she once envisioned for Bitcoin. "Stablecoins are scaling much faster than anyone expected," she said, noting their ability to facilitate cross-border transactions and financial inclusion in regions with underdeveloped banking infrastructure.

Despite the adjusted forecast, Wood remains bullish on Bitcoin's long-term potential, emphasizing its role as a global monetary system and a cornerstone of a new asset class. ARK Invest has reinforced its commitment to crypto infrastructure, recently increasing holdings in exchanges like Bullish, a move that, CoinDesk reports, pushed the firm's total crypto exposure above $2.15 billion. The investment firm's three ETFs — ARKK, ARKW, and ARKF — now hold nearly $114 million in Bullish shares, reflecting a broader strategy to capitalize on institutional adoption of digital assets.

The shift in Wood's outlook aligns with broader market trends. Stablecoins have surged in adoption, with USDC and EURC stablecoins reaching 35 million users and a combined supply of $75 billion in 2025. Ethereum's stablecoin ecosystem, which now hosts $184 billion in value, has also seen accelerated growth, driven by Layer 2 networks like Base and Arbitrum. Meanwhile, Coinbase is reportedly in advanced talks to acquire BVNK for $2 billion, signaling institutional confidence in the sector.

Wood's revised forecast underscores the competitive pressures facing Bitcoin. While she described stablecoins as "private, government-free monetary systems," she stressed that Bitcoin's role as a store of value and settlement layer remains unique. "Institutions have just dipped their toes into this space," she said, noting that Bitcoin's integration into global finance is still in its early stages.

ARK Invest's recent portfolio adjustments highlight its balancing act between crypto optimism and market realities. The firm has trimmed stakes in traditional tech names like Shopify and Robinhood while doubling down on crypto-linked platforms. This strategy mirrors the broader industry's pivot toward stablecoin and blockchain infrastructure, with firms like Circle and Coinbase expanding their offerings amid regulatory clarity in the U.S. and beyond.

The cryptocurrency market itself has shown mixed signals. Bitcoin recently dipped below $100,000 for the first time in four months, trading at $102,510 as of late October. Yet stablecoin transaction volumes on Ethereum hit $2.82 trillion in October, with USDC and USDT dominating the ecosystem. Analysts attribute this growth to stablecoins' utility in decentralized finance (DeFi) and cross-border payments, which have become critical during periods of crypto market volatility.

Wood's forecast reduction does not reflect a loss of confidence in Bitcoin's transformative potential. "This is a very big idea," she said, reiterating her belief in Bitcoin's role in a digital monetary revolution. As stablecoins continue to evolve, the interplay between these two asset classes will likely shape the next phase of crypto adoption, with ARK Invest positioned to navigate both the opportunities and challenges ahead.

Cathie Wood lowers Bitcoin forecast to $1.2 million by 2030 amid stablecoin rise https://cryptobriefing.com/cathie-wood-bitcoin-forecast-stablecoin-rise/

Cathie Wood trims her bitcoin bull case on threat of stablecoins taking some market share https://www.cnbc.com/2025/11/06/cathie-wood-trims-her-bitcoin-bull-case-on-threat-of-stablecoins-taking-some-market-share.html

Coinbase Eyes $2B BVNK Buyout: Will This Deal Transform Stablecoins? https://parameter.io/coinbase-eyes-2b-bvnk-buyout-will-this-deal-transform-stablecoins/

USDC Stablecoins Surpass 35 Million Users in 2025 as Ethereum Market Tops $184 Billion https://en.coinotag.com/usdc-stablecoins-surpass-35-million-users-in-2025-as-ethereum-market-tops-184-billion/

Ethereum Stablecoins Hit New Peak, Uniswap Reigns with $170B Volume https://finance.yahoo.com/news/ethereum-stablecoins-hit-peak-uniswap-101111169.html

ARK Invest's Crypto Exposure Tops $2.15B as Bullish Holdings Rise Across 3 Funds https://www.coindesk.com/business/2025/11/01/ark-invest-s-crypto-exposure-tops-usd2-15b-as-bullish-holdings-rise-across-3-funds

Ark Invest Boosts Bullish Stake to Over $209 Million Amid Ongoing Decline https://en.coinotag.com/ark-invest-boosts-bullish-stake-to-over-209-million-amid-ongoing-decline/