Anatoly Yakovenko, co-founder of the Solana project, has recently referred to the current state of bitcoin and its utility. On social media, Yakovenko stated that BTC had no value and could be considered insurance “in the best light.” He explained that there was a 1% chance for the collapse of a superpower nation to happen each year and that it was worth it to spend 1% of his wealth on an asset resistant to these events. “It’s not an investment, it’s a cost, and there is no guarantee it will work,” Yakovenko remarked, stressing price had no impact in this use case. “If it works, it has very little to do with technology outside of the initial innovation that happened 15 years ago,” Yakovenko concluded.
Solana Co-Founder Anatoly Yakovenko: 'Bitcoin Has No Value'
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