Cathie Wood Cuts Bitcoin Price Prediction: 2030 Target Set to $1.2 Million

ARK Invest CEO Cathie Wood has significantly lowered her price prediction for Bitcoin by 2030, revising it from $1.5 million to a revised target of $1.2 million. This adjustment comes as stablecoins are increasingly used in emerging markets for payments, impacting Bitcoin’s role in the financial landscape. Wood’s revision reflects an evolving view on Bitcoin’s utility and highlights market volatility with stablecoin adoption rising rapidly.