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ARK Invest keeps $1M Bitcoin target despite 2026 price slump, sees stablecoins as allies, not rivals.

Market News
14 Oct 2026, 00:36 WIB
Crypto Briefing
View Source
Neutral
ARK Invest keeps $1M Bitcoin target despite 2026 price slump, sees stablecoins as allies, not rivals.

ARK Invest reviewed its 2026 crypto outlook, confirming its long-term Bitcoin price target of $1 million by 2030 despite a subdued year for prices. The firm emphasizes Bitcoin's dual role as digital gold and permissionless money, with stablecoins viewed as complementary rather than competitive. While ARK raised the total addressable market for digital gold by 37%, it cut its estimate of Bitcoin's safe-haven use in emerging markets by 80% due to stablecoin growth. Overall, ARK maintains its forecast of a $28 trillion digital asset market by 2030, with Bitcoin holding about 70% of that market.

ARK Invest's 2026 crypto outlook is presented here alongside Pluang's market data as of Oct 14, 2026 04:32 WIB. Among 50 major cryptocurrencies on Pluang, 15 rose and 34 fell today. Notably, COTI traded at Rp224 with a 4.35% decline and a 75% buy order activity, contrasting with ZIL at Rp62 which dropped 3.77% amid a 99% sell order activity, while CRV stood at Rp6,124 down 3.76% with a more balanced 59% buy activity. Typical hold times vary from 62 to 133 days across these assets.

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