Wikipedia Co-founder Jimmy Wales Predicts Bitcoin Price Below $10,000 by 2050

Jimmy Wales, the co-founder of Wikipedia, has expressed a stark outlook for Bitcoin's future value, suggesting it could fall below $10,000 (in today's currency value) by 2050. Wales acknowledged that Bitcoin's underlying design is robust and unlikely to become worthless unless faced with catastrophic cryptographic failures or a 51% attack, though he noted that forked networks could persist.

However, he declared Bitcoin a "complete failure" as both a currency and a store of value. Wales believes the cryptocurrency is more likely to revert to a price point driven by enthusiasts. He also downplayed current claims of widespread adoption by AI robots, emphasizing that Bitcoin remains primarily a speculative asset, unable to displace traditional safe-haven assets like gold and real estate.

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