Cathie Wood, CEO of ARK Invest, has revised her Bitcoin (BTC) price target for 2030 downwards from $1.5 million to $1.2 million, as reported by CryptoBriefing. Bitcoin Price Prediction: Stablecoin Impact Wood cited the growing adoption of stablecoins, particularly in emerging markets, as a factor influencing this adjustment. She explained in a CNBC interview that stablecoins are increasingly used as payment rails, potentially diminishing some of Bitcoin's intended use cases. While still bullish on Bitcoin's long-term prospects, ARK Invest acknowledges the evolving cryptocurrency landscape and the competitive pressure from stablecoins. The new target reflects a more nuanced view of Bitcoin's role in the future of finance. Bitcoin remains a key asset in ARK's portfolio, but its potential dominance is now viewed with slightly more caution. ```