Cathie Wood: Bitcoin may struggle to reach $1.5 million target by 2030 due to rapid adoption of stablecoins

Ark Invest CEO Cathie Wood stated that Bitcoin may not be able to achieve the previously predicted $1.5 million target by 2030. She believes that the rapid popularity of stablecoins may have an impact on the growth of Bitcoin. Previously, Wood had repeatedly expressed optimism about the long-term potential of Bitcoin, but this statement shows his reassessment of market dynamics. The increasing demand for stablecoins in the market may change the landscape of the cryptocurrency ecosystem. （Decrypt）