Wikipedia co-founder Jimmy Wales claimed that Bitcoin could fall below $10,000 by 2050, a prediction that resonated widely in the cryptocurrency world. In February, among investors based in the United States, “Will Bitcoin reset?” While fear of fear has reached a record level, the market is trying to hold on at $ 67,680 levels. This striking move by Wales reignited the question of whether digital assets will become the center of global finance or remain in the hands of a narrow group of enthusiasts.
Shocking 2050 Prophecy from Wikipedia Founder
Although Jimmy Wales acknowledges the robustness of Bitcoin’s technological infrastructure, he argues that this resilience does not mean market dominance. According to him, even if the network’s encryption structure manages to survive except extreme situations such as the 51 attack, its economic functionality is put to a serious test. Wales states that compared to free and instant bank transfers within the current financial system, Bitcoin remains cumbersome due to obstacles such as transaction fees and conversion costs. He argues that this cumbersomeness makes it impossible for the asset to become a mainstream currency.
The famous name is of the opinion that developments such as institutional adoption and spot ETFs do not guarantee long-term value increase. Wales, who predicts that Bitcoin may fall below 10 thousand dollars with today’s purchasing power by 2050, says that cryptocurrency may remain only a “hobby level” endeavor rather than an investment tool. This scenario means that although Bitcoin may survive technologically, it will cease to be an economic powerhouse.
Cryptocurrency World and Supply Constraint Defense
Cryptocurrency advocates respond to Wales’ pessimistic picture with harsh opposition. Supporters emphasize that Bitcoin’s value proposition lies not in industrial use but in its capacity to “store value,” just like gold. It is argued that the limited supply of 21 million and the ever-expanding global network effect are the most fundamental structural forces that will prevent the loss of value predicted by Wales. Investors think that Bitcoin has turned into a brand and this psychological effect will keep the price alive.
On the technological development side, it is reminded that layer solutions such as the Lightning Network have evolved to overcome the transaction speed and cost problems criticized by Wales. The process of Bitcoin becoming part of the modern financial infrastructure rather than an alternative to traditional money continues. This debate once again reveals the deep disagreement on whether cryptocurrencies will turn into a massive financial infrastructure in the future or remain a nostalgic digital collection.
