Big Bull Cathie Wood Lowers Her Bitcoin (BTC) Price Target! Here’s Her New Prediction!

Bitcoin ($BTC) has fallen as low as $60,000 since the start of its decline in October.

While these declines are considered normal in a bear market for Bitcoin, predictions for $BTC are also being revised downwards.

At this point, the latest revised big bull came from Cathie Wood.

Ark Invest founder Cathie Wood has cut her long-term price target for Bitcoin from $1 to $1, according to reports. $5million – $1 per cent . 2-1,’ said. 3 million by 2030, according to .

In an interview with Morningstar Europe Wood said that while he reduced his price target, “his confidence in Bitcoin had grown even further.”

Wood reiterated Bitcoin’s status as a global digital asset and emphasized its independence from government regulation.

The proliferation of dollar-pegged stablecoins is stealing Bitcoin’s role in emerging markets, Wood said ‘Individuals with limited savings in these countries may prefer dollar pegged stabilitycoINs or dollar assets. Paraphrasingr ’It is.

This shift from this stablecoin to Bitcoin, Wood said, has reduced the current bullish situation to $200,000 and $300,000.

Wood reiterated his confidence in Bitcoin, suggesting that upward movements in gold prices could be a leading indicator for Bitcoin.

Woodrecalled that in the two major bull markets of the past, Bitcoin had greatly followed gold’s growth.

*This is not investment advice.

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