TechFlow, November 23 — According to Cointelegraph, Robbie Mitchnick, BlackRock's head of digital assets, recently stated that most investors buy Bitcoin primarily for its "digital gold" value storage function, rather than its potential as a global payment network. He noted that Bitcoin would need significant breakthroughs in scalability to become a mainstream payment tool. Meanwhile, stablecoins have achieved notable success in the payments space, expanding beyond the cryptocurrency trading ecosystem into areas such as retail remittances and cross-border transactions. As a result, ARK Invest CEO Cathie Wood has lowered her Bitcoin price forecast for 2030, acknowledging that stablecoins are taking on roles she previously expected Bitcoin to fulfill.
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