Bitcoin Updates Today: Cathie Wood Lowers 2030 Forecast Amid Changing Market Dynamics Between Bitcoin and Stablecoins

Cathie Wood, CEO of

Invest, has to $1.2 million by 2030, lowering it from the earlier $1.5 million estimate, attributing the change largely to the swift expansion of stablecoins. , Wood pointed out that stablecoins—digital assets tied to fiat currencies—are increasingly being used as payment solutions in developing economies, taking on functions she previously anticipated for . "Stablecoins are growing at a pace no one foresaw," she remarked, highlighting their role in enabling international payments and improving financial access in areas lacking robust banking systems.

Even with the revised outlook, Wood continues to be optimistic about Bitcoin's future, underscoring its significance as a global financial network and a foundational element of a new asset category. ARK Invest has reaffirmed its dedication to the crypto sector, recently increasing its investments in platforms such as Bullish—a move that,

, brought the firm's total cryptocurrency exposure to over $2.15 billion. The company's — ARKK, , and — now collectively hold close to $114 million in Bullish shares, demonstrating a broader approach to benefit from the institutional embrace of digital currencies.

This change in Wood's perspective reflects wider shifts in the market. Stablecoins have seen rapid uptake, with

reaching 35 million users and a combined circulation of $75 billion in 2025. , now valued at $184 billion, has also experienced accelerated expansion, fueled by Layer 2 solutions like Base and . At the same time, Coinbase is reportedly for $2 billion, indicating growing institutional trust in the industry.

Wood's updated prediction highlights the increasing competition Bitcoin faces. While she referred to stablecoins as "private, non-governmental monetary systems," she emphasized that Bitcoin's function as a value reserve and settlement network remains distinct. "Institutions are only beginning to enter this field," she commented, noting that Bitcoin's integration into the global economy is still in its infancy.

Recent changes to ARK Invest's portfolio illustrate its effort to balance crypto

with current market conditions. The firm has reduced its holdings in traditional tech companies such as Shopify and Robinhood, while increasing its investments in crypto-related platforms. This mirrors a broader industry trend toward stablecoin and blockchain infrastructure, as organizations like Circle and Coinbase expand their services amid clearer regulations in the U.S. and internationally.

The digital asset market itself has delivered mixed results. Bitcoin recently fell below $100,000 for the first time in four months, trading at $102,510 in late October. Meanwhile, stablecoin transaction volumes on

reached $2.82 trillion in October, with and leading the market. Experts attribute this surge to the usefulness of stablecoins in decentralized finance (DeFi) and international payments, which have become increasingly important during times of crypto market instability.

Wood's decision to lower her forecast does not signal diminished faith in Bitcoin's transformative capabilities. "This is a truly significant concept," she stated, reaffirming her conviction in Bitcoin's role in the evolution of digital money. As stablecoins continue to develop, the interaction between these two types of digital assets is expected to influence the next stage of crypto adoption, with ARK Invest prepared to navigate both the opportunities and obstacles that lie ahead.

Cathie Wood lowers Bitcoin forecast to $1.2 million by 2030 amid stablecoin rise

Cathie Wood trims her bitcoin bull case on threat of stablecoins taking some market share

Coinbase Eyes $2B BVNK Buyout: Will This Deal Transform Stablecoins?

USDC Stablecoins Surpass 35 Million Users in 2025 as Ethereum Market Tops $184 Billion

Ethereum Stablecoins Hit New Peak,

Reigns with $170B Volume

ARK Invest's Crypto Exposure Tops $2.15B as Bullish Holdings Rise Across 3 Funds

Ark Invest Boosts Bullish Stake to Over $209 Million Amid Ongoing Decline