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Stock impact report

Cathie Wood Lowers Her 2030 Bitcoin Target From $1.5 Million, But Her Belief Remains Steadfast:'Our Conviction Has Gone Up…' [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ark Invest founder Cathie Wood said on Thursday that the firm's conviction in Bitcoin's potential has strengthened despite the ongoing drawdown, but lowered the 2030 target from $1.5 million. Stablecoin Adoption Impacting Wood's Bull Case During an interview with Morningstar Europe, Wood reiterated Bitcoin's position as a global, digital asset with “no government oversight.” She acknowledged that the dollar-pegged stablecoins “usurped” one of the roles that Ark thought Bitcoin would play in emerging markets. Don't Miss: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Invest Now at Just $0.85 a Share This ETF issuer isn't chasing the index — it's building tools for income, leverage, and conviction “People who are living hand to mouth, meaning they don't have a lot of savings. They would much prefer the dollar and stablecoins, backed pretty much by d Show less Read more
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