TechFlow news, November 27 — According to Cointelegraph, ARK Invest CEO Cathie Wood reiterated the firm's bullish outlook on Bitcoin, maintaining its target price of $1.5 million by 2030 under a "bull market scenario." ARK expects approximately $300 billion in liquidity to return to markets within the next five to six weeks following the resolution of the U.S. government shutdown crisis. Combined with the Federal Reserve's plan to end quantitative tightening and shift toward quantitative easing on December 1, these factors are expected to alleviate the current "liquidity crunch" affecting both the cryptocurrency and AI markets. Wood stated that although the fragmented development of stablecoins has diluted some of Bitcoin’s role as a safe-haven asset, the unexpectedly strong rise in gold prices has offset this effect, leaving her bullish forecast unchanged.
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