Cathie Wood adjusts Bitcoin outlook as stablecoins assume part of its function

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Nov 07 2025

0mins

Source: SeekingAlpha

Cathie Wood's Revised Bitcoin Outlook: Ark Invest's Cathie Wood has adjusted her bullish forecast for bitcoin, now estimating a potential price of $1.2 million by 2030 due to the rapid growth of stablecoins, which are taking on roles previously expected of bitcoin.
Stablecoins Gaining Traction: Wood acknowledges that stablecoins are increasingly serving emerging markets and fulfilling functions that bitcoin was thought to provide, leading to a significant shift in the investment landscape.
Major Companies Embracing Stablecoins: Companies like Google and Cloudflare are recognizing the potential of stablecoins, with Google launching an AI payments platform that supports stablecoins and Cloudflare introducing a USD-backed stablecoin for automated transactions.
Bitcoin as Digital Gold: Despite the rise of stablecoins, Wood still views bitcoin as a valuable asset, referring to it as "digital gold" and emphasizing its role as a hedge against fiat currency depreciation, which stablecoins cannot fully replicate.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.