Cathie Wood lowers bitcoin expectations, revises 2030 peak price forecast to $1.2 million
Foresight News reported that Ark Invest founder Cathie Wood has lowered her peak price prediction for bitcoin by 2030 from $1.5 million to $1.2 million, citing the rapid rise of stablecoins. Cathie Wood stated that stablecoins are 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 central role as institutional adoption increases and the global monetary system transforms.
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