PANews reported on November 6th that, according to Walter Bloomberg, Ark Invest founder Cathie Wood lowered her 2030 price forecast for Bitcoin from $1.5 million to $1.2 million, citing the rapid rise of stablecoins. Wood stated that stablecoins are taking on roles she previously believed Bitcoin played, particularly in emerging markets and payment scenarios. However, Wood remains optimistic about Bitcoin's long-term prospects, believing it will continue to play a central role in increased institutional adoption and the transformation of the global monetary system.