A Wall Street Money Manager Speculates: Will Bitcoin Exist in 10 Years?

Kevin Simpson of Capital Wealth Planning expressed doubts about Bitcoin‘s (CRYPTO: BTC) longevity in an October 2026 television interview, saying it might not exist in 10 years while noting that platforms like Robinhood (NASDAQ: HOOD | HOOD Price Prediction) will likely still be operational. By contrast, Brian Kelly, appearing on CNBC’s Fast Money, took a more optimistic view, saying he is more bullish on Bitcoin than he has been in the last two years.

As of October 9, Bitcoin trades at $83,247, down 3.6% over the past week and about 34% from its record high of $126,080. Nevertheless, the digital currency still holds a substantial market value of about $1.67 trillion. So, what potential threats could lead to Bitcoin’s downfall in the next decade, and how likely are they?

Two Wall Street Veterans Split on Bitcoin’s Next 10 Years

Simpson sums up his concern bluntly: “We could be 10 years into the future where Bitcoin doesn’t exist. Robinhood will.” He suggests that companies built around cryptocurrency trading could outlast Bitcoin itself.

On the other hand, Kelly envisions a future where Bitcoin plays a crucial role in automated transactions. He emphasizes, “I’m more bullish on Bitcoin than I’ve been in two years. Agentic payments are going to run on crypto rails.” Agentic payments refer to purchases made by AI software agents, such as payments for data or computing resources, utilizing blockchain technology for seamless transfers.

Both investors hold positions that align with their predictions: Simpson manages portfolios including Robinhood shares, while Kelly oversees a fund focused on AI developments. Their differing views on Bitcoin’s future show that both claims must be supported by evidence.

Three Threats Bitcoin Looks Likely to Survive

1. Cryptographic Vulnerabilities: The first threat is a potential breakthrough in Bitcoin’s cryptography. This cryptographic system ensures that only the holder of a private key—similar to a master password—can spend their Bitcoin. If someone could deduce private keys from public data, it could lead to widespread theft. However, experts can’t predict when, or if, such a discovery might occur, making this a rare but serious risk.
2. Government Bans: A second threat is a potential government ban on Bitcoin. This possibility has already been tested: China banned Bitcoin mining in 2021, yet the network kept operating as miners relocated to the U.S. and other countries. A coordinated global ban would require collective action from major economies—a much harder task than one country acting alone.
3. Shift Toward Custodianship: The third challenge is a gradual transition towards custody solutions. Originally, Bitcoin was designed for individuals to manage their money without banking institutions by using personal wallets and keys. If most Bitcoin ended up on exchanges or in Bitcoin ETFs, the network could keep functioning, but it would stray from its purpose as a decentralized cash system.

Why Stablecoins Pose the Biggest Threat to Bitcoin

Perhaps the most significant challenge facing Bitcoin comes from stablecoins—crypto tokens linked to traditional currencies like the U.S. dollar, aiming to maintain a consistent value around $1. Dollar-backed stablecoins have amassed a market cap of roughly $300 billion and enable fast, stable transfers essential for everyday transactions and AI payment systems.

However, many Bitcoin investors view the cryptocurrency as a long-term store of value outside of traditional currencies. Unlike stablecoins, whose supply grows whenever issuers mint more tokens, Bitcoin has a capped supply of 21 million coins, making it unique. So, while stablecoins may dominate payments, they could let Bitcoin keep its original role as a wealth reserve.

Will Bitcoin Still Exist in 10 Years?

Looking at these four threats, it’s unlikely any will completely end Bitcoin’s reign over the next 10 years. The failed ban in China demonstrates the network’s resilience. Concerns over a possible cryptographic flaw remain speculative, and a shift to custody could change how Bitcoin operates rather than abolish it. For stablecoins to genuinely threaten Bitcoin, they must first conquer the payments sector and, subsequently, convince many holders to treat a dollar-pegged token as a long-term savings vehicle.

Two key indicators can point to the future: If Bitcoin’s price remains below its $126,080 peak while dollar-backed stablecoins flourish well past $300 billion, the case for stablecoins may gain momentum. Conversely, if Bitcoin rebounds and surpasses its previous high, it will signal that savers still prefer it, making Simpson’s assertion that Bitcoin could go extinct in 10 years increasingly unlikely.

Contact [email protected] for any questions or corrections.