Stablecoin Adoption Impacting Wood’s Bull Case During an interview with Morningstar Europe, Wood reiterated Bitcoin’s position as a global, digital asset with “no government oversight. ” She acknowledged that the dollar-pegged stablecoins “usurped” one of the roles that Ark thought Bitcoin would play in emerging markets. “People who are living hand to mouth, meaning they don’t have a lot of savings. They would much prefer the dollar and stablecoins, backed pretty much by dollar or dollar-based assets,” the renowned investors said. This, she said, would have taken $200,000-$300,000 off Ark’s bull case for Bitcoin in 2030, i. Wood Remains Upbeat On Bitcoin Wood also reiterated Ark’s position that gold’s performance could be a leading indicator for Bitcoin, noting how the yellow metal’s gains preceded Bitcoin’s last two major bull runs. She also noted Bitcoin’s increasing adoption by traditional finance institutions, a trend that strengthens Ark’s confidence in the apex cryptocurrency’s l...