[Cathie Wood Lowers Bitcoin 2030 Price Target to $1.2 Million] ARK Invest founder and CEO Cathie Wood has lowered Bitcoin's 2030 price target from $1.5 million to $1.2 million. Wood stated that the rise of stablecoins prompted her to adjust Bitcoin's growth potential, but she still believes Bitcoin is a crucial component of the digital economy. She views it as a global, decentralized monetary network, akin to a digital store of value like gold. She noted that stablecoins are 'tokenized cash,' while Bitcoin is a scarce, non-sovereign asset suitable for long-term wealth preservation.