sure, they could "keep it running", except it would get no new features and refinement, and would operate in a static (stagnant, as the world keeps moving on) barebones version. would it also be able to scale with increase in visitor traffic? would it be able to deal with increase in media uploads, or would it have to limit or freeze them? what about inflation and increase in hosting prices, and prices of everything else? if your vision for wikipedia is a text-based website with feature set from 2007 - and just that, maybe it could run for even longer.
> would it also be able to scale with increase in visitor traffic? would it be able to deal with increase in media uploads
Yes.
It's not a social network / advertising machine. Hosting is a tiny fraction of Wikimedia spending: a mere $2.4M in 2021. I was surprised to learn they spend more on awards and grants than on hosting.