Shifting Outlook on Bitcoin's Role
Cathie Wood, CEO of Ark Invest and a prominent Bitcoin bull, has trimmed her long-term Bitcoin price prediction from $1.5 million to $1.2 million. This adjustment reflects a shift in her outlook on Bitcoin’s role in the global financial system, particularly in emerging markets.
Despite this reduction, Wood’s target still represents a bold bet on Bitcoin’s future. She maintains that Bitcoin remains a strong hedge against inflation and central bank policies. However, she believes that stablecoins are rapidly gaining traction in places where Bitcoin was once seen as the leading alternative to traditional currencies.
Stablecoins Gaining Favor in Emerging Markets
One of the key reasons for the target cut is the rise of stablecoins like USDT and USDC in countries with unstable fiat currencies. Wood noted that these assets offer a more predictable value, making them better suited as a store of value for daily use in regions facing inflation and currency devaluation.
She emphasized that Bitcoin’s volatility remains a challenge for everyday financial use in these areas. In contrast, stablecoins are gaining ground as a preferred choice for savings, transactions, and remittances.
LATEST: Cathie Wood cut her Bitcoin price target by $300K to $1.2M, saying stablecoins are rapidly replacing BTC as a store of value in emerging markets. pic.twitter.com/HPmZdyd2mb
— Cointelegraph (@Cointelegraph) November 6, 2025
Bitcoin's Enduring Long-Term Potential
While reducing her estimate, Wood remains confident in Bitcoin’s long-term potential. She believes it will still play a crucial role in the digital asset ecosystem, particularly as a decentralized asset immune to government manipulation.
Her revised prediction of $1.2 million per BTC may seem conservative compared to her earlier forecast, but it still suggests massive upside from current price levels.