While the Pi Network user community in Vietnam and many countries continues to hope for a 'global consensus value' (GCV) of up to 314,159 USD per Pi, cryptocurrency experts assert that this is an unrealistic dream.
Although it has been 'open network' for more than 2 months, the actual price of Pi is currently only about 0.6 USD, sharply down from a peak of 3 USD in February 2025.
GCV originated from a spontaneous campaign initiated by users since 2022, but has never been confirmed by the Pi Core Team.
The operating model is based on the community, with 'Pi Ambassadors' selected in each area to organize events and spread price expectations.
However, there is no practical foundation to prove this price of hundreds of thousands of USD.
Many controversial signs and warnings from experts
Experts believe that the true value of a cryptocurrency depends on practical utility, trading capability, and liquidity — aspects that Pi Network has yet to prove.
The CEO of Bybit, Ben Zhou, even refused to list Pi, believing that the project shows signs of a pyramid scheme and lacks transparency.
Justin Bons, a veteran analyst and founder of Cyber Capital, also called Pi a 'scam to avoid.' Pi has been compared to a multi-level marketing model due to its reliance on inviting new users and building a community through social media.
A strong community does not equate to real value.
Despite having over 60 million participants globally, Pi Network has not created any clear practical applications or outstanding utilities.
According to experts, 'the value of a currency does not come from slogans or collective belief, but from market demand.'
With a total supply of up to 100 billion Pi, the community's expected price is completely unrealistic.