Bitcoin is back under fire after Wikipedia co-founder Jimmy Wales warned it could one day trade below $10,000 fueling bearish price prediction.
Wales does not think Bitcoin goes to zero. But he questions whether it truly becomes global money or a reliable store of value.
In his view, the network may survive technically for decades, yet price could still drift toward what he calls “hobbyist levels” by 2050. From today’s ~$67,736, that would mean an 80%+ long-term decline.
He also pushed back on the idea that institutional adoption or ETF inflows guarantee stability. Accumulation alone, he argues, does not solve the core question of utility.
The comments reignite the identity debate. Is Bitcoin digital gold, peer-to-peer cash, or simply a speculative asset? Critics say the narrative keeps shifting. Supporters point to its survival through multiple crashes as proof of structural strength.
Bitcoin Price Prediction: Should Investors Panic?
Wales is not calling for an immediate crash, but his warning directly challenges the long-term bullish thesis.
If you ask me, I would ignore most boomers’ views about Bitcoin and look at the chart, which, honestly, doesn’t look great.
Bitcoin just broke below the lower edge of the triangle, and that shifts the short-term structure bearish.
Instead of building pressure toward $71,000, price lost rising support and slid back toward $64,000. That invalidates the immediate breakout setup and gives sellers momentum back.
Now $64,000 is the key. It has already been tested multiple times. If it breaks cleanly, $60,000 opens, and the triangle is likely a distribution. That could trigger a deeper liquidity sweep.
Zooming out, this still looks like a broader corrective phase after a major expansion. As long as $60,000 holds on higher timeframes, the long-term bullish structure stays intact.
Short-term pressure is down. Long-term trend only changes if $60,000 is decisively lost.
Can Bitcoin Hyper Presale Grab Everyone’s Attention? One Of The Most Anticipated Projects In 2026
Bitcoin Hyper ($HYPER) is a new presale., powered by Solana tech, basically makes Bitcoin way faster and cheaper to use without messing with its core security.
It turns Bitcoin from something you just watch on a chart into something you actually use. Payments, staking, apps, and real on-chain activity.
And this is not just hype. The Bitcoin Hyper presale has already raised over $32 million, with $HYPER currently priced at $0.0136751 before the next increase.
Staking is offering up to 37% right now, which grabs attention.
If Bitcoin rips, Bitcoin Hyper is likely to ride the momentum. If Bitcoin moves sideways, Bitcoin Hyper can still benefit from network usage. It is positioned around activity, not just price candles.
To buy HYPER before it lists on exchanges, simply visit the official Bitcoin Hyper website and connect a wallet (such as Best Wallet).
Visit the Official Bitcoin Hyper Website Here
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