Cathie Wood Adjusts Bitcoin Price Target as Political Tensions Persist

Amidst political shifts and the escalating debate surrounding AI, Ark Invest CEO Cathie Wood has revised her long-term Bitcoin price target. This adjustment comes after a recent modification from $1.5 million to $1.2 million for 2030. Her rationale? The rise of stablecoins, which are potentially taking on some functions traditionally fulfilled by Bitcoin. This shift in market expectations adds to the complexity of predicting Bitcoin’s future trajectory.