Cathie Wood, CEO of Ark Invest, has revised her Bitcoin price target for 2030 from $1.5 million to $1.2 million. This adjustment reflects the increasing adoption of stablecoins, such as USDT and USDC, which are gaining traction for payments and savings, particularly in emerging markets. Wood discussed the updated forecast in a CNBC interview, highlighting how stablecoins are taking on roles initially anticipated for Bitcoin. Despite the revision, Ark Invest's base and bear case predictions for Bitcoin remain at $1.2 million and $500,000, respectively.