Cathie Wood Revises Bitcoin Forecast Amid Stablecoin Surge

Cathie Wood has lowered her Bitcoin forecast to $1.2 million by 2030, a $300,000 drop, citing the rise of stablecoins as a significant competitor. This shift reflects changing dynamics in the cryptocurrency market, particularly in emerging economies where stablecoins are becoming a preferred store of value. Wood's insights highlight the challenges Bitcoin faces in maintaining its dominance in the evolving financial landscape.