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Ishika Kumari

ARK Invest cuts Bitcoin 2030 forecast to $1.2M amid stablecoin growth

ARK Invest has reduced its bullish Bitcoin price target for 2030 from $1.5 million to $1.2 million per coin. CEO Cathie Wood attributed the $300,000 downward revision to faster-than-expected stablecoin adoption in emerging markets, where digital dollar equivalents are increasingly used for transactions and savings. Wood maintains that Bitcoin retains its role as digital gold and the crypto ecosystem's reserve currency, with stablecoins serving complementary functions in everyday commerce.
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