Wikipedia co-founder Jimmy Wales stated that while Bitcoin will not become worthless, it has completely failed as a means of payment and savings.
People who think that Bitcoin is going to zero are likely mistaken. The design is robust enough that it will continue to exist in perpetuity, barring some currently unforeseen breakdown in cryptography or a surprise 51% attack (even then, a fork would carry on I would imagine).…
— Jimmy Wales (@jimmy_wales) February 25, 2026
He acknowledged the high reliability of Bitcoin's architecture, noting that the network will continue to operate even if a hard fork is necessary. However, he is convinced that the asset will never become a dominant global currency.
Wales predicts that by 2050, the price of Bitcoin will fall below $10,000 in today's terms, reaching a level suitable only for technical experiments. In his view, the tool remains purely speculative and will eventually become a niche network for enthusiasts.
Wall Street and Crypto Integration
Wales' skepticism contrasts with the stance of major financial institutions that continue to explore the digital asset market.
Speaking at the Bitcoin for Corporations conference in Las Vegas, Amy Oldenburg, head of digital asset strategy at Morgan Stanley, announced that the firm plans to develop its own services for Bitcoin custody and trading. The bank is also exploring opportunities in cryptocurrency lending and generating additional yield.
Meanwhile, Citi Bank has also announced large-scale initiatives.
🚨CITI BANK TO MAKE BITCOIN "BANKABLE"
— Coin Bureau (@coinbureau) February 26, 2026
Citi Bank plans to launch infrastructure later this year to integrate Bitcoin into traditional finance, aiming to make BTC “bankable.”
This was stated by Citi’s digital asset custody head at the Strategy World event. pic.twitter.com/rHoEUjCZ0f
The financial corporation aims to make Bitcoin a fully-fledged "bankable" asset. By the end of this year, it expects to launch infrastructure that will integrate cryptocurrency into the traditional financial system.
In February, analysts at River noted record adoption rates for digital gold.