Cathie Wood has lowered her Bitcoin price prediction for 2030 from $1.5 million to $1.2 million.

BlockBeats News, November 6th, Ark Invest founder Cathie Wood has revised her highest price prediction for Bitcoin by 2030 from $1.5 million to $1.2 million, citing the rapid rise of stablecoins.

Cathie Wood stated that stablecoins are taking on the role she originally thought Bitcoin would play, especially in emerging markets and payment scenarios. However, Cathie Wood remains optimistic about Bitcoin's long-term prospects, believing that it will continue to play a central role in institutional adoption and the transformation of the global monetary system.