Bitcoin’s Future: Hobby or Bust? Jimmy Wales Weighs In

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Jimmy Wales, the man who brought us Wikipedia (and thus, the end of countless bar arguments), has turned his all-knowing gaze to Bitcoin. And let’s just say, his crystal ball is looking a bit cloudy for the crypto crowd.

According to Wales, Bitcoin is about as useful as a screen door on a submarine when it comes to being actual money. Sure, it’ll probably stick around like that weird uncle who shows up to family gatherings, but don’t expect it to pay the bills anytime soon.

Bitcoin: The World’s Most Expensive Hobby?

Wales predicts Bitcoin could tumble to “hobbyist levels,” dipping below $10,000 by 2050. That’s right, folks-your grandkids might be using Bitcoin to buy virtual fishing rods in some obscure online game. How’s that for a legacy?

“Bitcoin going to zero? Nah, it’s too stubborn for that. But becoming the future of money? Ha! It’s about as likely as me becoming a professional breakdancer,” Wales quipped. “It’s a failure as a currency, a store of value, and pretty much everything else. But hey, at least it’s good for keeping nerds entertained.”

At the time of writing, Bitcoin was sitting pretty at $67,736. But if Wales is right, it’s got a date with the bargain bin in the next 24 years. Ouch.

Bitcoin price chart, probably heading south.

Wales also dismissed the idea that AI systems or institutional investors will save the day. “AI adopting Bitcoin? That’s like expecting your cat to start doing your taxes,” he said. “And ETFs? Please. That’s just Wall Street trying to sell you a pet rock.”

“If you’re betting on Bitcoin to make you rich, you might as well be betting on a three-legged horse in the Kentucky Derby,” he added. “Enthusiasts, brace yourselves for hobbyist-level prices.”

Even in a world where authoritarian governments run amok, Wales isn’t buying Bitcoin as the savior. “Hard to use, volatile, and accepted nowhere? Sounds like the perfect recipe for a niche hobby, not a financial revolution,” he said.

“Gold, silver, real estate-those are the real stars of the safe-haven show. Bitcoin? It’s the opening act that never quite makes it to the main stage.”

Analysts Join the Pessimism Party

Wales isn’t alone in his skepticism. Analysts have been throwing shade at Bitcoin like it’s going out of style. One user summed it up perfectly: “Bitcoin’s mission statement changes more often than a chameleon on a rainbow.”

“First, it was peer-to-peer cash. Then, Lightning Network. Now, it’s a store of value. Spoiler alert: none of those worked out. Bitcoin’s currently in the ‘what are we even doing here?’ phase,” they said.

Jacob Kinge of SwanDesk declared the Bitcoin bubble deader than disco. “Sell everything now, or you’ll be left holding the digital bag,” he warned. And let’s not forget the memes-because nothing says “imminent collapse” like a viral joke.

“If you’re still holding Bitcoin, you might as well be holding a snowball in hell,” one meme quipped. Ouch. Again.

Technical analysts are slightly less dramatic, predicting a drop to the $58K-$55K range. But hey, at least it’s not $10,000… yet.

“Bitcoin’s chart looks like a rollercoaster designed by a sadist,” one analyst noted. “Buckle up.”

Not everyone’s doom and gloom, though. Some argue that Bitcoin’s volatility is just part of the ride. “These people see a dip and act like the world’s ending,” said CFA Rajat Soni. “They’re just tourists in the crypto theme park.”

“Bitcoin’s not dead-it’s just taking a nap. A very long, expensive nap,” he added.

Wales, ever the pragmatist, lands somewhere in the middle. “Bitcoin’s technically impressive, but as a financial tool? It’s about as useful as a chocolate teapot,” he said. “It’ll survive, but don’t expect it to replace your wallet anytime soon.”

So, there you have it. Bitcoin: the world’s most resilient hobby. Will it ever grow up and become a real currency? Probably not. But hey, at least it’s entertaining.

What do you think? Is Bitcoin destined for hobbyist status, or will it surprise us all? Let us know on BeInCrypto’s social media-X (Twitter), LinkedIn, or our newsletters. And remember, if you’re still holding Bitcoin, maybe keep your day job.

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2026-02-27 09:06