ARK Invest founder Cathie Wood has trimmed her long-term Bitcoin price forecast, lowering her 2030 bull case from $1.5 million to $1.2 million per BTC. Despite the revision, she remains deeply bullish on the cryptocurrency’s future role in global finance.
The change, announced during an interview on CNBC on November 6, 2025, marks Wood’s first major adjustment to her Bitcoin outlook in nearly two years, and it reveals how the rise of stablecoins is quietly reshaping the digital payments landscape.
Why the Forecast Changed
In ARK’s previous “Big Ideas 2025” report published in April, Wood projected Bitcoin could reach as high as $1.5 million by the end of the decade. That estimate was based on Bitcoin capturing a significant share of the world’s digital payments and remittance activity, a role now being overtaken by stablecoins like USDC and RLUSD, particularly in emerging markets.
“Stablecoins are usurping some of the use cases we thought Bitcoin would dominate,” Wood said, explaining that their price stability and regulatory clarity have made them the preferred digital dollar substitute.
Still Bullish on Bitcoin’s Core Role
Despite lowering her bull target by 20%, Wood emphasized that Bitcoin remains central to ARK’s long-term vision of a decentralized global financial system.
She continues to view it as a store of value and a monetary base asset, akin to digital gold, capable of underpinning global liquidity for decades to come.
Her base case for 2030 now stands near $710,000, with a bear case of $300,000, underscoring that even the most conservative scenario remains historically bullish.
Market Context
As of November 6, 2025, Bitcoin trades around $101,700 at the time of writing, down from an early October high above $126,000.
The recent pullback follows macroeconomic pressures, a stronger U.S. dollar, and a slowdown in inflows to spot Bitcoin ETFs. Still, ARK’s models suggest institutional adoption remains the primary catalyst for long-term appreciation.
