Wikipedia Co-Founder Predicts Bitcoin Price Could Fall Below $10K

Wikipedia Co-Founder Says, Bitcoin Price Will Not Go To Zero

Wikipedia co-founder Jimmy Wales has sparked debate after sharing a balanced yet critical view on Bitcoin’s future. In his official statement, he said people who think the asset will go to zero are likely wrong because its design is robust. According to him, the network can continue operating indefinitely unless a major cryptographic failure or a surprise 51% attack occurs. Even in such cases, a fork could allow the system to survive.

However, Wales also argued that value could fall over time to levels associated with hobbyist use. He described it as a failure as a currency and store of value, suggesting a 2050 target below $10,000 in today’s dollars, possibly far lower.

Source: X Official

What Jimmy Wales Wanted To Express

His statement presents two contrasting ideas: technical strength but uncertain economic success.

1. The network’s architecture makes long-term survival likely

2. Real-world usage as money and a dominant financial asset remains doubtful

In simple terms, he believes the technology works, but adoption as everyday money has not matched expectations. Wales sees the asset more as a speculative instrument rather than a widely used payment system. He also added that it may remain suitable for hobbyists and enthusiasts, while traditional safe-haven assets such as gold, silver, jewelry, real estate, and fine art are likely to continue dominating store-of-value demand.

Are His Views Practical?

From a market perspective, some elements of his view align with data while others remain debated.

1. Payment usage remains smaller compared with speculation and trading activity

2. Volatility still challenges the narrative of stable long-term value

At the same time, institutional involvement has grown significantly. Large investment products, exchange-traded funds, futures markets, and indices show rising participation from traditional finance. These intermediaries generate revenue by serving investor demand, indicating ongoing interest even during market cycles.

The Wikipedia co-founder also suggested that such products can continue to exist even if public interest weakens. Smaller ETFs can survive for years while trading volumes gradually decline, reflecting market resilience without strong growth. His preference for physical safe-haven assets highlights a broader investor mindset that values scarcity, tangible ownership, and long historical trust.

Current Market Context And Price Outlook

At the time of writing, Bitcoin price is trading near $67,734, down around 1% in the last 24 hours. The short-term movement reflects typical volatility rather than a structural shift.

Wales believes price pressure could emerge if innovation slows and public curiosity fades.

1. He argues that many buyers are motivated by potential gains rather than daily utility

2. He notes AI systems and automation tools have not adopted crypto at scale, which he views as limited real-world integration

These factors support his view that valuation may depend more on sentiment than usage.

Could Price Really Fall Toward $10K?

A long-term drop to $10,000 would require major changes in market dynamics.

1. Reduced institutional flows and weaker retail demand could push valuations lower

2. Slower technological progress or regulatory pressure may impact confidence

However, strong network effects, global recognition, and infrastructure expansion provide counterarguments. Even if digital assets face slower growth, traditional safe-haven markets like precious metals and property could continue attracting conservative capital, reinforcing Wales’ argument about long-term dominance.

Conclusion: 

The debate highlights a key tension — strong technology versus uncertain monetary role. While predictions differ, the discussion from the Wikipedia Co-Founder reinforces that future value will depend on adoption, innovation, and competition from traditional safe-haven assets.

This content is for informational purposes only, not financial advice. Crypto investments carry risk. Always do your own research and consult a financial advisor before investing.