Cathie Wood Adjusts Bitcoin Price Forecast Amid Stablecoin Growth

According to BlockBeats, Ark Invest founder Cathie Wood has revised her Bitcoin price prediction for 2030, lowering it from $1.5 million to $1.2 million. This adjustment is attributed to the rapid rise of stablecoins. Wood noted that stablecoins are increasingly fulfilling roles she initially anticipated for Bitcoin, particularly in emerging markets and payment scenarios. Despite this shift, Wood remains optimistic about Bitcoin's long-term prospects, believing it will continue to play a central role in institutional adoption and the transformation of the global monetary system.