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ARK Invest Trims Bitcoin Prediction, Galaxy Digital Sees Slower Growth Ahead
Market optimism around Bitcoin (BTC) is taking a step back as two of the most influential voices in crypto investing — ARK Invest’s Cathie Wood and Galaxy Digital’s Alex Thorn — have both revised their bullish projections downward.
ARK Invest Cuts 2030 Bitcoin Target by $300,000
In a recent interview, Cathie Wood adjusted her long-term Bitcoin outlook, lowering ARK Invest’s 2030 price target from $1.5 million to $1.2 million. The revision comes as stablecoins rapidly expand their role in global finance, particularly in emerging markets where Bitcoin was once expected to dominate.
“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 that bullish case,” Wood told CNBC.
Wood emphasized that stablecoins are effectively functioning as digital dollars, while Bitcoin remains a global monetary system and “digital gold.” Despite the reduction, she believes Bitcoin could still capture half of gold’s market value — a sentiment echoed by VanEck, which recently shared a similar forecast tied to the next halving cycle.
Galaxy Digital Lowers 2025 Outlook Below All-Time High
Meanwhile, Galaxy Digital’s Head of Research, Alex Thorn, also tempered expectations, cutting his year-end 2025 target from $185,000 to $120,000. This places his projection below Bitcoin’s all-time high of $126,000, reached in early October.
Thorn cited several headwinds, including whale activity shifting coins into ETFs, reduced market liquidity following an October 10 liquidation event, capital rotation toward AI and gold, and sluggish retail participation. He described the current phase as Bitcoin’s “maturity era,” characterized by institutional absorption, passive flows, and lower volatility.
Mixed Signals for Bitcoin’s Next Phase
Despite recent selloffs, not all analysts are bearish. JPMorgan projects Bitcoin could still reach $170,000 within 6–12 months, suggesting the deleveraging phase may be ending. The contrasting forecasts highlight a pivotal moment for Bitcoin — whether it continues evolving as a stable institutional asset or rekindles its high-growth momentum.
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