Overview
- ARK’s revision trims roughly $300,000 from its earlier $1.5 million bull case, with Wood reiterating Bitcoin’s store‑of‑value thesis over a payments role.
- Bitcoin trades near $100,000–$102,000 after a pullback from October’s record high around $126,000, following heavy liquidations in futures markets.
- Stablecoin capitalization has climbed past $300 billion, with usage concentrated in places like Venezuela and Argentina for remittances and savings.
- JPMorgan says futures deleveraging now looks largely complete and outlines a scenario in which Bitcoin could approach $170,000 based on gold‑parity metrics.
- Major tech and payments firms are building stablecoin rails, and recent U.S. policy moves have encouraged issuance and adoption across corporate pilots.