From 24/7 Wall St. · Sam Daodu · · 2m
Wall Street Money Manager Predicts Bitcoin Vanishing in 10 Years
A Wall Street money manager says Bitcoin could vanish in a decade, but a CNBC analyst calls it the most bullish moment for crypto in two years.
In brief
A Wall Street money manager says Bitcoin could vanish in a decade, but a CNBC analyst calls it the most bullish moment for crypto in two years. Kevin Simpson warns Bitcoin might not exist in 10 years, while Brian Kelly says it's more bullish than in two years. Originally reported by 24/7 Wall St..
Quick answers
- Will Bitcoin Still Exist in 10 Years?
- If Bitcoin’s price remains below its $126,080 peak while dollar-backed stablecoins flourish well past $300 billion, stablecoins may gain momentum.
- What is the key takeaway from Wall Street Money Manager Predicts Bitcoin Vanishing in 10 Years?
- Kevin Simpson warns Bitcoin might not exist in 10 years, while Brian Kelly says it's more bullish than in two years.
Wall Street Money Manager Predicts Bitcoin Vanishing
Kevin Simpson of Capital Wealth Planning says Bitcoin might not exist in 10 years while Robinhood will still operate.
“We could be 10 years into the future where Bitcoin doesn’t exist. Robinhood will.”
CNBC Analyst Calls Bitcoin Bullish Moment
Brian Kelly on CNBC’s Fast Money says he’s more bullish on Bitcoin than in the last two years.
“I’m more bullish on Bitcoin than I’ve been in two years.”
Bitcoin Price and Market Value
As of October 9, 2026, Bitcoin trades at $83,247, down 3.6% weekly and 34% from its record high of $126,080 with a $1.67 trillion market value.
Two Wall Street Veterans Split on Bitcoin’s Future
Simpson manages portfolios including Robinhood shares, while Kelly oversees a fund focused on AI developments.
Cryptographic Vulnerabilities Threat
A potential breakthrough in Bitcoin’s cryptography could allow someone to deduce private keys from public data, leading to widespread theft.
Government Bans Threat
China banned Bitcoin mining in 2021, but the network kept operating as miners relocated to the U.S. and other countries.
Shift Toward Custodianship Challenge
If most Bitcoin ends up on exchanges or in Bitcoin ETFs, the network could keep functioning but would stray from its purpose as a decentralized cash system.
Stablecoins Pose Biggest Threat
Dollar-backed stablecoins have a market cap of roughly $300 billion and enable fast, stable transfers essential for AI payment systems.
Why Stablecoins May Not Threaten Bitcoin
Bitcoin has a capped supply of 21 million coins, making it unique compared to stablecoins whose supply grows when issuers mint more tokens.
Will Bitcoin Still Exist in 10 Years?
If Bitcoin’s price remains below its $126,080 peak while dollar-backed stablecoins flourish well past $300 billion, stablecoins may gain momentum.
What to remember
Kevin Simpson warns Bitcoin might not exist in 10 years, while Brian Kelly says it's more bullish than in two years.
