ARK Invest boss Cathie Wood sticks to the bullish million dollar forecast for Bitcoin
Despite a significant correction in the crypto market, ARK Invest boss Cathie Wood is sticking to her long-term and quite surprising Bitcoin forecast.
Values in this article
raw materials
$4,065.89 USD
currency
68,166.9878 CHF -622.4556 CHF -0.90%
73,079.3649 EUR -814.5810 EUR -1.10%
£64,257.5765 -693.2789 GBP -1.07%
13,163,820.3420 JPY -143,301.6470 JPY -1.08%
$84,183.7970 -908.2642 USD -1.07%
0.0000 BTC 0.0000 BTC 0.89%
0.0000 BTC 0.0000 BTC 1.14%
0.0000 BTC 0.0000 BTC 1.05%
0.0000 BTC -0.0000 BTC -5.04%
0.0000 BTC 0.0000 BTC 1.10%
• The latest correction pushes Bitcoin below $100,000
• Cathie Wood reiterates her $1 million price target even as stablecoins gain market share
• Institutional demand and macroeconomic stabilization are seen as key growth drivers for Wood
Bitcoin falls below $100,000 – Wood remains calm
After the most recent all-time high at the beginning of October, the Bitcoin price has fallen significantly in the past few weeks. According to data from CoinMarketCap, the price of the largest cryptocurrency is currently $84,146 (as of November 21, 2025).
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This means that Bitcoin has recorded a loss of around 22 percent over a 30-day period and has recorded a loss of 13.32 percent over the course of the year so far (as of November 21, 2025).
Cathie Wood, CEO of ARK Invest, is unimpressed. In a podcast, according to Benzinga, she reiterated her long-term forecast that the Bitcoin price could rise to $1 million. “We remain convinced that Bitcoin has the potential to gain global traction as a leading digital asset,” said Wood.
The strong growth of the stablecoin market, now worth over 300 billion US dollars, indicates an increasing maturity of the crypto sector. Although short-term fluctuations are possible, Wood says this marks an important step towards a more stable ecosystem.
Stablecoins are taking market share from Bitcoin
“Stablecoins are taking over some of the role that we had assigned to Bitcoin,” Wood recently admitted in an interview with CNBC. These digital tokens linked to fiat currencies serve as a means of payment and transfer solution, especially in emerging countries.
Nevertheless, Wood does not see this as a major threat to her long-term Bitcoin forecast. According to CNBC, she has only slightly adjusted her bullish scenario: instead of $1.5 million per Bitcoin, she now thinks $1.2 million is more realistic, as stablecoins could take over more parts of the market. Wood therefore continues to see significant long-term potential.
“I think the whole ecosystem is getting bigger,” she emphasized. Stablecoins would not weaken the crypto market, but rather increase its reach and open up new areas of application.
Long-term optimism: Bitcoin as digital gold
Despite the recent price losses and near-term uncertainty, Wood is sticking with her base case. As Benzinga reports, she continues to see Bitcoin as the “digital gold” of the 21st century. Institutional investors have so far only “dipped their toes in the water,” Wood told CNBC.
She assumes that with increasing regulation and a more stable macroeconomic situation, around mid-December after new labor market data and Fed decisions, fresh capital inflows will come into the market.
Wood compares Bitcoin’s growth potential to the historical performance of the gold market. According to her, if Bitcoin reaches even half of gold’s current market capitalization, a six-figure price would be justified. In the longer term, Wood says, Bitcoin could even become a global monetary system. For investors, from their perspective, Bitcoin remains a long-term bet on the change in the financial world.
Editorial team finanzen.net