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Just caught Jimmy Wales, the Wikipedia co-founder, making some pretty bold takes on Bitcoin that sparked a whole debate in the crypto community. He's saying the BTC price won't hit zero—the cryptography would have to break or someone pulls off a 51% attack for that to happen. But here's the thing: he's also calling Bitcoin a complete failure as a currency, and he reckons it could eventually settle at a price way lower than today's value. We're talking hobbyist-tier pricing by 2050, potentially under $10,000 in today's terms. When you think about what that means in terms of 2050 USD to INR conversion rates, it paints an interesting picture of how far he thinks the asset could fall.
Obviously, the community didn't take this lying down. Someone pointed out Bitcoin's limited supply and that AI is adopting it, but Wales pushed back saying BTC is just a speculative asset at best and AI adoption isn't happening in any meaningful way. Another person mentioned all the institutional support through ETFs and indices, and Wales countered that this support is ruthless—basically saying if nothing new develops and people lose interest, it could trade even lower.
Looking at where Bitcoin is trading right now, it's sitting around $67,010 after dropping 1.59% in the last 24 hours. The token's been under some pressure lately, down about 24% over the month, though it did briefly touch $69,371 not too long ago. The 3-month outlook suggests a modest recovery to around $71,021, but with pretty high volatility at 9.08%. The RSI is neutral at 42.32, so there's not much directional conviction at the moment. Some traders are even betting that Bitcoin might not reach $100,000 by 2026—they're calling a ceiling around $94,000 instead. It's the kind of environment where Wales' skepticism doesn't seem totally out of place, even if most of us aren't ready to agree with his long-term price targets.