Cathie Wood Downgrades Bitcoin Price Target to $1.2 Million for 2030

ARK Invest founder and CEO Cathie Wood has adjusted her long-term price forecast for Bitcoin, lowering her prediction for the year 2030 by $300,000. She now anticipates Bitcoin will reach approximately $1.2 million, down from her previous estimate of $1.5 million. This downward adjustment reflects growing adoption of stablecoins in developing economies, according to Wood.