Stablecoins have become assets that store value in emerging market economies at a pace no one predicted, Cathie Wood said. Due to this, her BTC price forecast has been lowered.
Cathie Wood Downgrades BTC Forecast
ARK Invest’s Cathie Wood lowered her long-term bitcoin price forecast by $300,000, warning that stablecoins are destroying the role the cryptocurrency was intended to play.
Stablecoins are taking over some of the role we thought bitcoin was going to play
Wood said on CNBC on Thursday.
Previously, she predicted the price of BTC at $1.5 million by 2030. Now he believes that the rate will increase, but the target ATH will be lower:
Given what’s happening with stablecoins serving emerging markets the way we expected Bitcoin to, I think we could save (in terms of BTC growth) around $300,000 in this best-case scenario.
It is worth adding that the total market capitalization of stablecoins exceeded the threshold of 300 billion this year and is still growing.
Despite the lower price forecast, Wood confirmed she remains optimistic about bitcoin, which she considers a “global monetary system” that serves as a store of value similar to gold but different from stablecoins, which are simply tokenized cash on the blockchain.
Stablecoins are the future
According to the international bank Standard Chartered, stablecoins pegged to the US dollar could remove as much as USD 1 trillion from the traditional banking system of emerging markets by 2028. This is particularly true in economies hit hard by hyperinflation, sanctions or currency controls, such as Venezuela and Argentina. In these countries, residents are forced to save in alternative fiat currencies, such as the US dollar, to protect their purchasing power. Stablecoins are an alternative to such currencies.
The annual inflation rate of the Venezuelan bolivar rose to 269% in 2025, according to data compiled by the International Monetary Fund, prompting millions of residents to become interested in stablecoins pegged to the U.S. dollar.
In 2024, there were also reports that the Venezuelan government was using stablecoins to bypass US sanctions and facilitate international oil trade.
