Ark Invest Adjusts Bitcoin View and Tweaks Crypto Stocks

Ark’s chief, Cathie Wood, has lowered her long‑term price forecast for Bitcoin, even as the firm shuffles its crypto‑related holdings. The company sold portions of Circle and Bullish, which together make up less than 1 % of its portfolio. Instead of cashing out, Ark used the money to buy more Netflix shares after the streaming giant posted strong earnings. Circle’s share price has slid about 20 % over the last month, while Bitcoin climbed roughly 6. 5 %. Bullish has performed better, up about 11 % in the same period. In Ark’s overall lineup, Circle accounts for around 4. 5 % of the total, with Robinhood and Coinbase close behind at 4. 8 % and 4. 4 %. Wood has always praised Bitcoin for its decentralized nature and its growing role in global finance.However, she recently trimmed the firm’s 2030 price target, pulling it down from a previously cited $1. 5 million by 2035. The new estimate is less specific but signals a more cautious stance. She blamed the change on broader macroeconomic uncertainty and market volatility, noting that geopolitical tensions briefly pushed Bitcoin below $64 000. The move reflects a broader trend of investors rebalancing risk as global conditions shift. Despite the adjustment, Ark still considers Bitcoin a core long‑term asset, but now with tighter expectations. The firm’s shifting strategy highlights how even leading crypto advocates must adapt to changing market dynamics.