Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Ark Invest's Cathie Wood just dialed back her Bitcoin price target for 2030. The new figure? $1.2 million per coin, down from her previous $1.5 million forecast.



What's driving the revision? Wood points to stablecoins increasingly dominating payment rails and gaining traction across emerging markets. Essentially, she sees digital dollars eating into Bitcoin's narrative as a medium of exchange.

This shift highlights a broader debate in crypto: Is BTC evolving into pure digital gold, while stablecoins handle everyday transactions? Wood seems to think so. Her adjusted target still reflects massive upside from current levels, but acknowledges the changing competitive landscape.

The stablecoin sector has exploded recently, with USDT and USDC processing billions daily. Meanwhile, Bitcoin's positioning gravitates more toward store-of-value territory. Whether $1.2M materializes or not, one thing's clear: the roles within crypto are getting more defined.
BTC-1.43%
USDC0.02%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
CompoundPersonalityvip
· 3h ago
btc fall significantly, reducing expectations is quite reasonable
View OriginalReply0
SquidTeachervip
· 3h ago
Still around one million, stable now.
View OriginalReply0
LiquidatorFlashvip
· 3h ago
An expected 1.2 million is way too optimistic. Let's see if we can break through the 150k threshold first...
View OriginalReply0
SlowLearnerWangvip
· 4h ago
Really, stablecoins are catching up to the big players fast.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)