- Bitcoin price has rebounded toward $70,000 after falling nearly 50% from its October 2025 peak of $126,000.
- Wikipedia cofounder Jimmy Wales predicts bitcoin could fall to $10,000 “in today’s dollars” by 2050, calling it a failure as a currency and store of value.
- Market sentiment has hit record lows, with spikes in searches for terms like “bitcoin going to zero,” despite continued bullish predictions from figures like Eric Trump.
This week, the bitcoin price climbed back toward $70,000, signaling a dramatic recovery from a near-disastrous plunge that saw it fall 50% from its all-time high. The cryptocurrency’s sentiment hit its lowest recorded level this month, sparking widespread fear among traders and investors. However, influential figures have issued starkly contrasting views on its future trajectory.
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Wikipedia cofounder Jimmy Wales, who first experimented with bitcoin in 2014, posted a serious warning to X. “People who think that bitcoin is going to zero are likely mistaken,” Wales wrote, acknowledging the network’s technical robustness. He fears its more probable fate is a slow decline into irrelevance for mainstream finance.
Consequently, Wales predicted bitcoin could fall to $10,000 by 2050, adjusted for inflation, or even lower. “Because it is a complete failure as a currency, as a store of value, etc., it isn’t going to become the dominant money of the future,” he argued. This bearish outlook arrives as the “digital Gold” narrative crumbles alongside gold’s separate rally.
Meanwhile, Eric Trump reiterated an extremely bullish counter-prediction at the World Financial Forum. Reports indicate he doubled down on a $1 million price target. “I’m a huge proponent because I do think it hits $1 million dollars,” he stated, referencing bitcoin’s rise from $16,000 two years prior.
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