Cathie Wood, the chief executive officer of Ark Invest, has cut her bullish forecast for Bitcoin for 2030, from a price target of $1.5 million down to $1.2 million.
Summary
- Cathie Wood says Bitcoin could rise to $1.2 million by 2030.
- The target is $300,000 down on an initial prediction of $1.5 million.
- Stablecoin adoption, which is eating into Bitcoin traction, is a key factor.
Wood shared the fresh outlook for the benchmark digital assetโs price in an interview with CNBC on Thursday.
According to Ark Investโs CEO, Bitcoin (BTC) remains bullish and will increase significantly over the next five years.
However, as stablecoins see notable growth and take over part of the top cryptocurrencyโs role in the market, the investor is trimming her forecast. She now expects the BTC price to hit $1.2 million by 2030, down from her initial prediction of $1.5 million.
What did Cathie Wood say?
The Ark Invest exec puts her new bull case mark down to stablecoin adoption.
In comments shared with CNBCโs Squawk Box, Wood said stablecoin use has scaled to a point that the sector now accounts for more of what analysts at Ark had factored into calculations as one of Bitcoinโs growth metrics.
Assets such as Tetherโs USDT and Circleโs USDC continue to see widespread global adoption, and Wood points to increased adoption in emerging markets as key. Stablecoins being used for payments and savings is a flip to the previous thesis of this being an area BTC would have a prominent role.
โStablecoins are usurping part of the role that we thought bitcoin would play,โ she said. โGiven whatโs happening to stablecoins โฆ we could take maybe $300,000 off of that bullish case.โ
Ark Invest shared its bull case prediction for Bitcoin by 2030 as $1.5 million, while base case and bear case forecasts stood at $1.2 million and $500,000, respectively.
The firm had revised this in April as the Bitcoin price broke higher.
Bitcoin dip key
Cathie Woodโs move to trim her forecast for BTC price by 2030 comes on the back of a notable dip for the โdigital goldโ asset.
After hitting an all-time high of $126,000 in October 2025, the cryptocurrency has slumped to under $100,000.
On Nov. 6, 2025, it hovered near this psychological mark as bulls failed to hold onto gains following a bounce to $103,000.
JPMorgan has said the Bitcoin price could hit $170,000 in the next six to twelve months. However, with the broader risk assets market in a downbeat mood, some analysts are now cutting their overall bullish forecasts for BTC.
For instance, Galaxy Digital now says it expects bulls to hover around $120,000 by the end of the year. Thatโs down from a forecast of $185,000 by the end of 2025.
