{"id":2408,"date":"2025-11-06T15:33:20","date_gmt":"2025-11-06T15:33:20","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/cathie-wood-trims-her-bitcoin-bull-case-on-threat-of-stablecoins-taking-some-market-share\/"},"modified":"2025-11-06T15:33:20","modified_gmt":"2025-11-06T15:33:20","slug":"cathie-wood-trims-her-bitcoin-bull-case-on-threat-of-stablecoins-taking-some-market-share","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/cathie-wood-trims-her-bitcoin-bull-case-on-threat-of-stablecoins-taking-some-market-share\/","title":{"rendered":"Cathie Wood trims her bitcoin bull case on threat of stablecoins taking some market share"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Ark Invest&#8217;s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. &#8220;Stablecoins are usurping part of the role that we thought bitcoin would play,&#8221; Wood, CEO and chief investment officer of Ark, said Thursday\u00a0on CNBC&#8217;s &#8221; Squawk Box .&#8221; &#8220;So our bullish forecast out there is $1.5 million by 2030. Given what&#8217;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 of that bullish case just for stablecoins. So watch that space. Stablecoins are scaling here much faster than anyone would have expected.&#8221; Wood&#8217;s comments mark a notable adjustment to her long-term view on bitcoin, which has been one of the highest-profile bullish forecasts in the industry. Ark Invest has long contended that bitcoin could serve as both a store of value and a global settlement system, but Wood now sees stablecoins \u2014 digital tokens pegged to traditional currencies \u2014 encroaching on some of that functionality. &#8220;Emerging markets are huge in this regard,&#8221; she said. &#8220;We&#8217;re starting to see institutions in the United States focused on new payment rails, with stablecoins at the core. So very interesting movement.&#8221; Earlier this week, bitcoin dipped below $100,000 for the first time in more than four months amid a broad sell-off among risk assets. The flagship cryptocurrency\u00a0last traded at $102,510. BTC.CM= YTD mountain Bitcoin YTD Still, Wood remains deeply bullish on bitcoin , pointing to growing institutional adoption as a powerful driver of long-term value. &#8220;Bitcoin is a global monetary system, it is the lead in a new asset class, and it&#8217;s a technology, all wrapped in one,&#8221; she said. &#8220;Institutions really have just dipped their toes into this space. We have just started, so we have a long way to go.&#8221; Even with her slightly reduced bull case, Wood emphasized that the broader digital asset ecosystem is expanding, not contracting. &#8220;I think the whole space gets bigger,&#8221; she said. &#8220;This is, you know, a global monetary system really going digital without government oversight, very private. So it&#8217;s a very big idea.&#8221;<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ark Invest&#8217;s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. &#8220;Stablecoins are usurping part of the role that we thought bitcoin would play,&#8221; Wood, CEO and chief investment officer of Ark, said Thursday\u00a0on CNBC&#8217;s &#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[256,593,552,1523,285,1527,1526,967,1525,1524],"class_list":["post-2408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-bitcoin","tag-bull","tag-case","tag-cathie","tag-market","tag-share","tag-stablecoins","tag-threat","tag-trims","tag-wood"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/2408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=2408"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/2408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/2409"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=2408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=2408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}