Cathie Wood Adjusts Bitcoin Price Prediction Amid Stablecoin Surge

Ark Investment CEO Cathie Wood has revised her Bitcoin price prediction downward, citing the rapid expansion of stablecoins as a key factor. Her revised estimate now sits at $1.2 million for 2030, down from the previous projection of $1.5 million. This adjustment reflects a growing reliance on stablecoins in various financial applications, which are steadily replacing Bitcoin’s role in several areas.