Jimmy Wales, co-founder of Wikipedia, remains skeptical about the crypto sector. He recently predicted that the Bitcoin price for 2050 will plummet below $10,000. While Wales acknowledges the technical robustness of the network, he stated that the asset is a “complete failure” as both a currency and a store of value.
The entrepreneur’s prediction comes amidst renewed institutional interest, which he dismisses as a ruthless investment lacking an ideological foundation. He asserts that volatility and the lack of real adoption by economic agents or AI systems relegate the cryptocurrency to a niche for enthusiasts, while gold and real estate maintain their dominance.
From now on, attention will focus on whether institutional adoption manages to contradict these bearish projections or if, as Wales claims, Bitcoin’s marginal utility stagnates. For now, the market is ignoring these criticisms as the price attempts to consolidate above historical levels, defying the warnings of tech detractors.
Source:https://x.com/jimmy_wales/status/2026646357214118104
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