Ark Invest founder Cathie Wood said on Thursday that the firm's conviction in Bitcoin's (CRYPTO: BTC) potential has strengthened despite the ongoing drawdown, but lowered the 2030 target from $1.5 million. Stablecoin Adoption Impacting Wood's Bull Case During an interview with Morningstar Europe, Wood reiterated Bitcoin's position as a global, digital asset with “no government oversight.
Cathie Wood Lowers Her 2030 Bitcoin Target From $1.
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Cathie Wood on Thursday said she lowered Ark Invest's 2030 Bitcoin price target from $1.5 million; said the firm's conviction in Bitcoin has strengthened despite the ongoing drawdown; said stablecoin adoption is impacting the firm's bull case; made remarks in an interview with Morningstar Europe and reiterated Bitcoin is a global digital asset with "no government oversight."
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