Overview
- Cathie Wood told CNBC that stablecoins are "usurping" transactional use cases ARK once attributed to Bitcoin, prompting a $300,000 trim to the 2030 bull-case estimate.
- Data providers show stablecoin capitalization above $300 billion, with rapid uptake for savings and remittances in countries such as Venezuela and Argentina.
- Major platforms and payments players have expanded stablecoin efforts, including Google’s stablecoin-enabled AI payments initiative and Cloudflare’s NET Dollar launch.
- Bitcoin pulled back from an October record near $126,000 and briefly slipped below $100,000 following heavy futures liquidations that analysts say have largely run their course.
- JPMorgan estimates a scenario implying roughly $170,000 for Bitcoin over six to twelve months as derivatives leverage resets, while Galaxy Digital lowered its year‑end view to $120,000.