Wikipedia Co-Founder Jimmy Wales Predicts Bitcoin Will Fall Below $10,000 by 2050, Drawing Crypto Backlash

Since Bitcoin’s launch in 2009, supporters have promoted it as a decentralized currency and “digital gold,” arguing that its fixed supply cap creates scarcity. Wikipedia co-founder Jimmy Wales has now questioned its usefulness for payments and as a store of value, attracting market attention because of his influence in the technology sector.

Wales recently predicted that Bitcoin would fall below $10,000 by 2050 and said it had “completely failed” as both a currency and a store of value. His remarks quickly drew a backlash from the cryptocurrency community, with supporters citing Bitcoin’s fixed supply and digital scarcity to challenge his assessment.