Overview
- ARK’s revised high-end scenario trims about $300,000 from the prior $1.5 million bull case outlined earlier this year.
- Wood says stablecoins are taking on money transfer roles her team previously expected Bitcoin to capture.
- The firm’s April framework still includes a $710,000 base case and a $300,000 bear case for 2030.
- Despite the cut, Wood continues to position Bitcoin as digital gold supported by growing institutional participation.
- The adjustment comes as Bitcoin has struggled in recent trading, prompting a reassessment of its payments addressable market.