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Jimmy Wales Says Bitcoin Will Drop Under $10,000 by 2050 – Here’s His Reasoning
The Wikipedia co-founder Jimmy Wales sparked discussion across social media this week following a string of posts on X where he described Bitcoin as a “complete failure” in its intended purpose as currency. Wales has maintained a skeptical stance toward Bitcoin for several years. In 2020, he publicly stated he couldn’t identify any persuasive reason for its use, though he clarified he held no ideological objection to the technology. His recent remarks emerged as a response to X users who contended that Bitcoin’s fixed supply cap gives it advantages over gold, and that expanding digital environments would ... (full story)
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