Cathie Wood Revises Bitcoin Price Target Downwards, Cites Stablecoin Impact

Thursday Nov 6 2025 21:10

Duration

2 min

  1. 1. Cathie Wood Revises Bitcoin Price Target Downwards, Cites Stablecoin Impact

  2. 1.1 Stablecoins Eroding Bitcoin's Market Share

  3. 1.2 Continued Bullish Outlook on Bitcoin

  4. 1.3 Emerging Markets Embrace Stablecoins

  5. 1.4 Venezuela: A Case Study

Cathie Wood Revises Bitcoin Price Target Downwards, Cites Stablecoin Impact

Cathie Wood, CEO of ARK Invest, has lowered her long-term Bitcoin price forecast by $300,000, warning that stablecoins are increasingly challenging Bitcoin's role as a store of value in emerging economies.

Stablecoins Eroding Bitcoin's Market Share

"Stablecoins are usurping part of the role that we thought Bitcoin would play," Wood told CNBC on Thursday. She had previously predicted Bitcoin could reach $1.5 million by 2030. "Given what's happening to stablecoins, which are serving emerging markets in a way that we thought Bitcoin would, I think we could take maybe $300,000 off that bullish case, just for stablecoins. Stablecoins are scaling here, I think, much faster than anyone would have expected."

Continued Bullish Outlook on Bitcoin

Despite the revised price target, Wood emphasized her continued bullishness on Bitcoin (BTC) overall, describing it as a "global monetary system" that acts as a store-of-value asset similar to gold but distinct from stablecoins, which are simply tokenized cash on a blockchain.

Emerging Markets Embrace Stablecoins

According to Standard Chartered, a leading international bank, US dollar-pegged stablecoins could divert over $1 trillion from traditional banking systems in emerging markets by 2028. This trend is particularly evident in regions grappling with hyperinflation, sanctions, or currency controls, such as Venezuela and Argentina, where individuals are turning to alternative fiat currencies like the US dollar to preserve their purchasing power.

Venezuela: A Case Study

The annual inflation rate of the Venezuelan Bolivar surged to 269% in 2025, according to data from the International Monetary Fund, prompting millions of residents to adopt dollar-backed stablecoins like Tether’s USDt (USDT) as a savings vehicle. Stringent currency controls and a dual-currency exchange system in Venezuela have further propelled the adoption of stablecoins as a reliable alternative to physical dollars or US dollar deposits in banks. Reports in 2024 indicated that the Venezuelan government was using stablecoins to circumvent US sanctions and facilitate international oil trade.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Default Author Avatar

Written by:

Liam James

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all

Friday, 3 April 2026

Duration

4 min

Middle East Aluminum Production Disruption Sparks Global Price Surges Amidst Geopolitical Tensions

Friday, 3 April 2026

Duration

3 min

Iran Conflict Fuels Inflation Risks, Bolstering Case for Japan Rate Hike

Friday, 3 April 2026

Duration

3 min

Iran Conflict Sparks Stagflation Fears: US Economy Faces Slowdown and Inflation

Latest news

Monday, 6 April 2026

Indices

Stock Market Today: IonQ, Rigetti, D-Wave, What’s going on with Quantum Computing Stocks?

Monday, 6 April 2026

Indices

Gold Price Today, April 7: XAU/USD Hovers Near $4,660 Ahead of Key US Inflation Data

Thursday, 2 April 2026

Indices

ETF Flows Shock: SPY and VOO Lose $22 Billion in March Outflows as Investors Chase Lower Fees

Thursday, 2 April 2026

Indices

Gold Price Today, April 3: XAU/USD Slips Below $4,700 Amid Hawkish Fed Signals and Profit-Taking

Wednesday, 1 April 2026

Indices

Gold Price Today, April 2: XAU/USD Drops Over 1.5% to $4,686 After Hitting Recent Highs

Wednesday, 1 April 2026

Indices

Stock Market Today: Dow, S&P 500 & Nasdaq Futures Rise as Trump Issues Strong Iran Warning

Tuesday, 31 March 2026

Indices

Forex Market Today: Japanese Yen Recovers, USD/JPY Drops to 158.70 as Middle East Tensions Ease

Tuesday, 31 March 2026

Indices

Gold Price Today, April 1: XAU/USD Surges to $4,718 as Momentum Builds

Monday, 30 March 2026

Indices

Gold price today, March 31: Gold price (XAU/USD) climbs to $4,558 amid market rally

Monday, 30 March 2026

Indices

XRP news today: XRP price hovers at $1.32, Ripple reports record Q1 growth

See all news