Solana Cofounder Criticizes Bitcoin’s Value and Investment Viability
- Anatoly Yakovenko, cofounder of Solana, claims Bitcoin has no intrinsic value and is not a viable investment.
- Yakovenko suggests Bitcoin’s best use is as insurance against a global superpower collapse, estimating the odds at 1%.
- He argues that Bitcoin’s price, whether $100K or $10K, does not impact its potential role in such scenarios.
- His comments sparked debate within the crypto community, with some defending Bitcoin’s ability to protect against counterparty risk.
- Lily Liu of the Solana Foundation distanced herself from Yakovenko’s views, advocating against ecosystem tribalism.
Anatoly Yakovenko’s assertion that Bitcoin lacks intrinsic value and investment viability has ignited discussions. He posits its primary function as insurance against a rare global superpower collapse. This perspective has been met with both support and criticism within the crypto community.
Source (2.6)https://coingape.com/solana-cofounder-claims-bitcoin-has-no-value-heres-why/?rand=24432
