Cathie Wood cuts bullish Bitcoin price forecast by $300k

Cathie Wood, the CEO of Ark Invest, has made headlines recently by adjusting her bullish forecast for Bitcoin's price by 2030. Initially predicting that Bitcoin could reach $1.5 million, she has now revised this figure down to $1.2 million. This change was revealed during an interview with CNBC, where she expressed her belief that Bitcoin remains a strong investment but acknowledged the rising influence of stablecoins in the cryptocurrency market.

Cathie Wood revises Bitcoin forecast, trimming $300k off her prediction

In her latest comments, Wood noted that the growth of stablecoins—digital currencies that are pegged to traditional currencies—has prompted her to reevaluate her earlier predictions. While she maintains a positive outlook on Bitcoin's future, she believes that the increasing adoption of stablecoins will take away some of the market share that Bitcoin once dominated. This shift has led her to reduce her bullish forecast by $300,000.

Stablecoins are increasingly impacting Bitcoin's market position and future growth

Wood highlighted that stablecoins like Tether's USDT and Circle's USDC are gaining traction globally, particularly in emerging markets. Their use for payments and savings is becoming more prevalent, which she argues has altered the landscape for Bitcoin. In her view, stablecoins are now fulfilling roles in the market that Bitcoin was expected to occupy, prompting her to lower her price target.

Recent trends show Bitcoin's price dip after reaching new highs

Wood's forecast revision comes at a time when Bitcoin has experienced significant volatility. After achieving an all-time high of $126,000 in October 2025, the cryptocurrency has since seen a decline, falling below the $100,000 mark. As of November 6, 2025, Bitcoin hovered around this psychological level, indicating a struggle for bulls to maintain momentum after a brief recovery to $103,000.

Analysts are adjusting their Bitcoin price predictions amid market changes

In light of the current market conditions, other analysts are also reevaluating their Bitcoin price forecasts. For instance, JPMorgan has suggested that Bitcoin could reach $170,000 in the next six to twelve months. However, with the overall market sentiment leaning bearish, firms like Galaxy Digital have reduced their expectations, now predicting a price of around $120,000 by the end of the year, down from an earlier estimate of $185,000.

The adjustments in forecasts from prominent figures like Cathie Wood and various analysts reflect the ongoing evolution of the cryptocurrency market. As stablecoins continue to gain traction, it remains to be seen how this will affect Bitcoin's position and growth in the coming years.