Wikipedia Co-Founder Jimmy Wales Sees a Dark Future for Bitcoin — How Low Could It Go?

Wikipedia co-founder Jimmy Wales has issued a pessimistic forecast for Bitcoin, suggesting that while the network is robust enough to survive indefinitely, it will fail to become dominant money or a reliable store of value. Wales warned that Bitcoin could decline to "hobbyist levels," potentially falling below $10,000 in today's dollars by 2050. He dismissed arguments that increased institutional accumulation or ETFs guarantee price stability, asserting that assets like gold, silver, and real estate will remain the dominant safe-haven stores of value. This view aligns with other analysts who point to Bitcoin's repeated failure to fulfill its initial promises as peer-to-peer cash or a hedge against currency debasement, though some optimists caution against overreacting to short-term volatility.

(Source：BeInCrypto)