Cathie Wood Confirms $1 Million Bitcoin Price Target Despite Market Volatility

Cathie Wood, CEO of ARK Invest, remains confident in Bitcoin‘s (CRYPTO: BTC) future, even in the face of market volatility.

During a podcast, Wood reaffirmed her $1 million price target for the cryptocurrency. She attributed this confidence to the ongoing growth of stablecoins, which recently surpassed $300 billion in total market value.

This surge in stablecoins, she explained, signifies a pivotal moment for the digital asset market, despite the potential for short-term fluctuations in Bitcoin’s price.

Full story available on Benzinga.com