Bitcoin

<p>Cathie Wood, founder and CEO of ARK Invest, has revised her long-term outlook for Bitcoin, lowering her 2030 price target by $300,000.</p>
<p>Specifically, Wood now expects the world’s largest cryptocurrency to reach about $1.2 million, as opposed to her earlier prediction of $1.5 million.</p>
<p><a href="https://youtu.be/07v3YPCHTdI?si=OJ49Bw74A2a-TFo5" rel="noopener noreferrer nofollow">Speaking to</a> CNBC, Wood explained that the rapid adoption of stablecoins in developing economies is transforming the use of digital assets.</p>
<p>“Stablecoins are taking on a role we once thought Bitcoin would fill,” she said, noting that this shift reflects a changing landscape in global finance.</p>
<h2 id="header-0">Stablecoins Surge Ahead in Developing Economies</h2>
<p>According to Wood, stablecoins are expanding faster than expected, particularly in regions experiencing inflation and currency volatility. Indeed, these dollar-pegged tokens have become a convenient and stable alternative to local currencies, providing users with a way to store value without the volatility of <a href="https://thecryptobasic.com/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> or traditional fiat systems.</p>
<p>Wood said stablecoins’ rise has prompted her to reduce Bitcoin’s upside potential. However, she still views Bitcoin as an essential part of the digital economy.</p>
<h2 id="header-1">Bitcoin Still a Global Store of Value</h2>
<p>Despite lowering her forecast, Wood emphasized that her confidence in Bitcoin remains strong. She described it as a global, decentralized monetary network that functions as a digital store of value similar to gold.</p>
<p>At the same time, she noted that stablecoins and Bitcoin serve distinct purposes. Whereas stablecoins are essentially “tokenized cash,” Bitcoin continues to represent a scarce, non-sovereign asset for long-term preservation of wealth.</p>
<h2 id="header-2">Emerging Markets Embrace Stablecoins</h2>
<p>Moreover, a report by Standard Chartered Bank supports Wood’s observation. The bank estimates that over $1 trillion could flow from traditional banks into stablecoins by 2028, particularly in emerging markets.</p>
<p>For instance, in countries such as <a href="https://thecryptobasic.com/2025/10/31/conexus-to-integrate-bitcoin-and-stablecoins-into-venezuelan-banking-network/" rel="noopener noreferrer nofollow">Venezuela</a> and <a href="https://thecryptobasic.com/2025/10/24/argentines-turn-to-stablecoins-for-4-daily-arbitrage-profits-amid-currency-controls/" rel="noopener noreferrer nofollow">Argentina</a>, where inflation and capital controls erode savings, US dollar-pegged stablecoins like Tether (USDT) have become a popular refuge. They allow residents to safeguard purchasing power and transact in a stable currency without relying on local banks.</p>
<h2 id="header-3">Venezuela’s Inflation Crisis Drives Adoption</h2>
<p>Furthermore, the International Monetary Fund (IMF) reports that Venezuela’s inflation rate surged to 269% in 2025. This significant increase has further undermined the value of the Bolivar. Consequently, millions of Venezuelans have turned to stablecoins to hold savings and conduct everyday transactions.</p>
<p>In addition, reports from 2024 indicated that the Venezuelan government used stablecoins to circumvent US sanctions and continue oil trading, illustrating how digital currencies are reshaping financial strategies under economic pressure.</p>
<h2 id="header-4">Bitcoin Faces Market Correction</h2>
<p>Meanwhile, the Bitcoin price has recently come under pressure. Earlier this week, <a href="https://thecryptobasic.com/2025/11/05/crypto-liquidations-top-2b-as-bitcoin-dips-to-98k/" rel="noopener noreferrer nofollow">it fell below $100,000 for the first time since May</a>, amid a broader sell-off in risk assets. The cryptocurrency last traded around $102,250, reflecting a 7% weekly decline.</p>

Cathie Wood Lowers Bitcoin 2030 Price Target to $1.2 Million

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