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Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her Bitcoin price forecast from $1.5 million to $1.2 million by 2030, attributing the change to the rapid adoption of stablecoins. In a recent interview, Wood noted that stablecoins are increasingly being utilized for payments, thereby fulfilling roles that Bitcoin was originally expected to take. Wood emphasized that stablecoins are gaining traction much quicker than anticipated, with significant interest from banks and large corporations looking to issue them. She mentioned that stablecoins are benefiting both tech-savvy individuals in countries with unstable currencies and institutional players in the U.S. Wood believes that despite this, Bitcoin can still see tremendous growth as it continues to be viewed as digital gold, potentially capturing a portion of the gold market. The updated forecast highlights the impact of stablecoins on Bitcoin's future value, which has been affirmed by recent fluctuations in Bitcoin's price amid macroeconomic uncertainties.

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Google Brings Prediction Markets Polymarket and Kalshi to its Search and Finance Platforms

Google has announced the integration of real-time prediction market odds from Polymarket and Kalshi into its Search and Finance platforms, providing users with access to crowd-sourced forecasts on significant future events, such as U.S. elections and recession predictions. This marks a noteworthy application of blockchain-based prediction data within mainstream

Google Brings Prediction Markets Polymarket and Kalshi to its Search and Finance Platforms

Google has announced the integration of real-time prediction market odds from Polymarket and Kalshi into its Search and Finance platforms. This significant move allows users to access live market odds for future events, including U.S. elections and recession forecasts, directly in their search results. This integration represents a major

Google Brings Prediction Markets Polymarket and Kalshi to its Search and Finance Platforms

Google has integrated live market odds from prediction markets Polymarket and Kalshi into its Google Search and revamped Google Finance. This development makes crowd-sourced forecasts on key events, such as U.S. elections and recession odds, readily accessible to users. In response to inquiries like 'Will the U.S.

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