Cathie Wood lowered the BTC price target to $300,000.

Cathie Wood of ARK Invest has just lowered her long term Bitcoin price forecast to 300,000 USD, while warning that stablecoins are gradually overshadowing Bitcoin's role as a store of value in emerging markets.

“Given the fact that stablecoins are serving emerging markets in the way we once thought Bitcoin would, I believe we should see a fall of about 300,000 USD in a bullish scenario, solely due to the influence of stablecoins. The growth rate of stablecoins today far exceeds all predictions,” she noted.

The total market capitalization of stablecoins surpassed $300 billion in 2025 and continues to rise | Source: DeFiLlamaAlthough lowering price forecasts, Wood remains optimistic about Bitcoin, calling it the “global monetary system” with a role as a store of value similar to gold, but different from stablecoins – which are merely cash digitized on the blockchain.

Emerging markets shift to stablecoins

According to the international bank Standard Chartered, dollar-pegged stablecoins could withdraw more than 1 trillion USD from the traditional banking system in emerging markets by 2028.

This is especially true in countries facing hyperinflation, sanctions, or foreign exchange controls like Venezuela and Argentina, forcing people to switch to storing alternative fiat currencies such as USD to protect their purchasing power.

Stablecoin dominance in cryptocurrency value received in Latin America from 2022 to 2024 | Source: ChainalysisData from the International Monetary Fund shows that the annual inflation rate of the Venezuelan Bolivar has skyrocketed to 269% by 2025, leading millions of people to choose dollar-pegged stablecoins like Tether's USDt as a savings vehicle.

Strict foreign exchange control measures along with a dual exchange rate system in Venezuela have propelled stablecoins to become a reliable alternative to physical dollars or bank deposits.

In 2024, information emerged that the Venezuelan government had used stablecoins to evade US sanctions and support international oil trading.

Mr. Teacher