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🚨 Cathie Wood lowers forecast $BTC 2030 to $1.2 million, why 🧐
- Cathie Wood of ARK Invest has lowered her Bitcoin price target for 2030 to $1.2 million, but she remains very optimistic about the future of cryptocurrency.
- Reason for adjustment: The rapid acceptance of stablecoins in emerging markets is taking on a part of the payment role that she once thought Bitcoin would assume.
- Stablecoins as "tokenized cash": Wood stated that stablecoins are functioning effectively as "tokenized cash" for transactions and savings.
- Nevertheless, she still believes in the core role of Bitcoin as a global decentralized currency network and a reliable store of value.
, especially when widely accepted by organizations
- The development of stablecoins does not diminish the value of Bitcoin, but changes its role in the ecosystem.
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#CryptoMarketPullback $BTC