Jimmy Wales Says Bitcoin May Survive — But Not Succeed as Money

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Jimmy Wales has delivered a blunt long-term outlook for Bitcoin, arguing that while the network is technically resilient, it has failed in its mission as currency or store of value. Wales believes Bitcoin is unlikely to go to zero due to its robust design and ability to fork if attacked, but he warns it could fall to “hobbyist levels” — potentially below $10,000 in today’s dollars by 2050.

Calling Bitcoin “speculative at best,” Wales dismissed the idea that institutional adoption or ETFs guarantee lasting price strength. He also questioned its real-world usability, pointing to volatility and limited acceptance. In his view, traditional safe havens like gold, real estate, and fine art are far more likely to remain dominant long term.

[nihalsari]

bitcoin to hobbyist levels by 2050 so basically back to arguing on forums full circle