Ark Invest CEO Cathie Wood has revised her optimistic forecast for Bitcoin, reducing the 2030 price target from $1.5 million to $1.2 million. The adjustment comes as stablecoins rapidly gain prominence, taking over roles traditionally held by Bitcoin, particularly in emerging markets and payment sectors. Despite this, Wood remains bullish on Bitcoin's long-term prospects, citing its increasing institutional adoption and pivotal role in the evolution of the global monetary system.