Saylor Dismisses Stablecoin Threat to Bitcoin’s $1.2M Path

Strategy founder Michael Saylor rejected the premise that stablecoins pose a competitive threat to Bitcoin’s long-term trajectory, challenging ARK Invest CEO Cathie Wood’s recent downward revision of her 2030 price target from $1.5 million to $1.2 million. The debate erupted from a fundamental disagreement over whether the $308 billion stablecoin sector, which now accounts for 30% of crypto transaction volume, encroaches on Bitcoin’s use cases or operates in an entirely separate economic layer. Wood’s No ...