Cathie Wood Downgrades Bitcoin Forecast as Stablecoins Gain Traction

ARK Invest founder Cathie Wood has revised her Bitcoin price forecast for 2030, adjusting it from $1.5 million to $1.2 million due to the growing influence of stablecoins in emerging markets. According to Wood, stablecoins are now surpassing Bitcoin’s role in sectors like payments and remittances, leading to this significant change in her prediction. This shift reflects a broader trend where stablecoin adoption is impacting Bitcoin’s value proposition and market dynamics.