Cathie Wood sees stablecoins as ‘negative’ for Bitcoin: find out more

Influential investor Cathie Wood has downwardly revised her most optimistic forecast for Bitcoin, citing the rapid ascent of stablecoins as a disruptive force.

Speaking this morning with CNBC, the founder and chief executive of Ark Invest acknowledged that digital tokens pegged to fiat currencies are increasingly fulfilling the role she once envisioned for BTC.

As a result, she trimmed her 2030 price target for Bitcoin on Thursday from $1.50 million to $1.20 million.

As is evident, Wood remains confident in Bitcoin’s long-term potential, emphasising its tech and monetary significance.

How might stablecoins hurt Bitcoin’s growth trajectory

Wood’s recalibration reflects a growing recognition that stablecoins are gaining traction faster than anticipated, especially in regions where financial infrastructure is limited.

“Stablecoins are usurping part of the role that we thought Bitcoin would play,” she said, pointing to their utility in cross-border payments and local commerce.

Unlike BTC, which remains volatile and speculative, stablecoins offer price stability and seamless integration with traditional currencies — making them more practical for everyday transactions.

This shift is particularly pronounced in emerging markets, where stablecoins are fast becoming the preferred digital payment rail.

As their adoption accelerates, Bitcoin’s role as a transactional medium may diminish, potentially capping its upside.

Why is Wood still uber bullish on BTC for the next five years

Despite headwinds related to stablecoin adoption, Wood remains firmly bullish on Bitcoin’s long-term trajectory.

She views it not just as a digital currency, but as a transformative financial technology.

“Bitcoin is a global monetary system, it is the lead in a new asset class, and it’s a technology, all wrapped in one,” she noted.

Though still nascent, institutional interest sure is growing steadily in BTC, and as more institutions allocate capital to Bitcoin, its legitimacy and market depth will expand, according to Cathie Wood.

Moreover, scarcity, decentralised architecture, and role as a hedge against fiat debasement continue to attract investors seeking long-term value.

These factors could still propel Bitcoin price to $1.2 million by the end of this decade, she noted.

Is Bitcoin still an attractive long-term play?

While Wood’s Bitcoin forecast has softened slightly, her broader outlook on digital assets remains expansive.

She emphasised that the ecosystem is not shrinking – it’s evolving. “I think the whole space gets bigger,” she said, highlighting the rise of private, decentralised financial systems.

Stablecoins, Bitcoin, and other blockchain-based innovations are converging to reshape global finance.

For investors, this means the opportunity set is widening, not narrowing.

Wood’s comments suggest that while BTC may lose ground in certain use cases, its foundational role in the digital asset landscape remains secure.

The future, she implies, belongs to a diversified and interoperable crypto economy, and that makes Bitcoin an attractive long-term play heading into 2026.

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