Cathie Wood lowers her bitcoin price target for 2030 from $1.5 million to $1.2 million

BlockBeats News, November 6, Ark Invest founder Cathie Wood has revised her highest price prediction for bitcoin by 2030 from $1.5 million down to $1.2 million, citing the rapid rise of stablecoins as the reason.

Cathie Wood stated that stablecoins are now taking on the role she originally expected bitcoin to play, especially in emerging markets and payment scenarios. However, Cathie Wood remains optimistic about bitcoin's long-term prospects, believing it will continue to play a core role as institutional adoption increases and the global monetary system transforms.