Cathie Wood reiterates $1.5M bull case for BTC

Ark Invest CEO Cathie Wood has reiterated her bull case price target of $1.5 million for BTC, Cointelegraph reported. She stated that with the recovery of global liquidity flows and growing expectations for interest rate cuts, the probability of a rebound from the bear market has increased. Wood added that while the expansion of stablecoins is replacing some of Bitcoin's functions, rising gold prices are providing a counterbalance, leaving her bullish outlook unchanged.