X @Wu Blockchain

Cathie Wood: Stablecoin Adoption Has Lowered My Valuation of BitcoinCathie Wood, Founder and CEO of Ark Invest, discussed Bitcoin's prospects and the development trend of stablecoins on CNBC on November 6th. She stated that as stablecoins have rapidly seized the transactional role originally expected of Bitcoin in emerging markets, she has lowered the bullish target price of Bitcoin for 2030 by $300,000 from $1.5 million to $1.2 million, but emphasized that this does not change Bitcoin's "digital gold" attr ...