Cathie Wood Reverses Bitcoin Outlook, Sees Stablecoin Rise

ARK Invest CEO Cathie Wood has adjusted her long-term Bitcoin forecast downward, citing the rising popularity of stablecoins as a major factor driving this shift. She now projects Bitcoin’s value to reach just $1.2 million by 2030, down from a previous target of $1.5 million. This change is attributed to the rapid adoption of stablecoins in emerging economies, which are proving increasingly effective at providing store-of-value solutions in regions where traditional currencies are facing challenges with inflation and sanctions.