TechFlow, Nov. 6 — According to Walter Bloomberg, Cathie Wood has lowered her most optimistic Bitcoin forecast due to the rapid growth of stablecoins. She now expects Bitcoin to reach a maximum of $1.2 million by 2030, down from her previous projection of $1.5 million.
Wood said that stablecoins are taking on the role she previously expected Bitcoin to fulfill, especially in emerging markets and payments. She noted that stablecoins are "scaling faster than anyone anticipated."
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