Cathie Wood's Ark Trims Bitcoin 2030 Forecast to $1.2M, Citing Competition
Cathie Wood's Ark Trims Bitcoin 2030 Forecast to $1.2M, Citing Competition
Ark Investment Management, led by Cathie Wood, has revised its 2030 Bitcoin bull case, reducing the forecast from $1.5 million to $1.2 million. This adjustment is attributed not to panic over bond markets or a change in fundamental thesis, but rather an acknowledgement of increased competition, particularly from stablecoins.
Ark Investment Management has just trimmed its 2030 Bitcoin bull case from $1.5 million to $1.2 million, and a $300,000 cut may sound dramatic until one understands what actually changed. Cathie Wood didn’t panic about bond markets or abandon her thesis, but instead adjusted for competition. In recent CNBC appearances and updates, Wood explicitly tied […]
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