Tag: long-standing

The post Stablecoins Steal Bitcoin’s Thunder as Cathie Wood Trims $300K Off BTC Price Target appeared com. When Cathie Wood sneezes, the crypto market catches a cold. Ask any Bitcoin maximalist how they feel watching one of the foremost architects of the digital gold thesis quietly shave $300, 000 off her long-standing BTC USD price target. You’ll get an answer somewhere between stoic and scandalized. Yet according to Ark Invest’s founder, stablecoins are quietly eating Bitcoin’s lunch. And if you take a step back, the data might just support it. Stablecoins ‘Usurping Part of Bitcoin’s Role’ Bitcoin was always meant to be the disruptor. A currency for everyone. Permissionless, borderless, unconfiscatable, and immune to the whims of Wall Street whales. For a time, that vision captured the hearts (and Twitter feeds) of an entire industry. But if you’ve tried sending Bitcoin for rent in Lagos or payroll in Buenos Aires, you’ll know who the real MVP is these days: stablecoins. She told CNBC: “So our bullish forecast out there is $1. 5 million by 2030. Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought Bitcoin would, I think we could take maybe $300, 000 off of that bullish case just for stablecoins.” But Cathie Wood isn’t backing down from her belief in Bitcoin’s structural integrity. She’s quick to point out that the “digital gold” thesis is alive and well. Bitcoin’s scarcity, its relentless mining schedule, and its fortress-like security remain unmatched. Moreover, she says, “Institutions really have just dipped their toes into this space. We have just started. So we have a long way to go.” Big money is barely in the pool. But if you’re reading BTC USD price charts instead of Telegram channels, you might miss the new narrative. Stablecoins are serving markets that Bitcoin only ever dreamed about. Stablecoins Are Scaling Faster Emerging economies, where currency instability is breakfast, lunch,.