Excerpt from a very interesting article that I invite you to read:
I quote:
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Sunday, March 2, 2025
«Bitcoin has no value,» says the co-founder of Solana.
Developer Anatoly Yakovenko has generated controversy by saying that bitcoin lacks investment potential.
by Glenda González March 2, 2025 Reading time: 4 minutes
Anatoly Yakovenko, co-founder of Solana, questions the value of Bitcoin. Source: Wikimedia.
Anatoly Yakovenko, co-founder of Solana, questions the value of Bitcoin. Source: Wikimedia.
He compared bitcoin to a bet more than to an asset.
His comments have provoked strong reactions from the community.
In a statement that has caused controversy in the ecosystem, the co-founder of the Solana network, Anatoly Yakovenko, questioned the potential of bitcoin (BTC) as a store of value.
In the X post, Yakovenko (who identifies on the social network as Toly) compared the digital currency to a bet more than to an asset. In his opinion, «bitcoin has no value,» and therefore, more than an investment, he considers it a cost. «There is no guarantee that it will work.»
Thus, for the developer, the only real use of BTC is as a hedge against the collapse of a global superpower. A scenario he believes has only a 1% chance of occurring.
He noted that he would personally allocate a small part of his wealth to bitcoin under that premise, insisting that it is not an investment and there is no certainty that it will succeed.
«It is just as good to do that with USD 100,000 as with USD 10,000. If it works, it has very little to do with the technology beyond the initial innovation that happened 15 years ago,» he expressed. Hence, he sees BTC as a bet and not as an asset.
Anatoly Yakovenko and Greg Fitzgerald founded Solana Labs in 2017.
Community Criticism
His comments have provoked strong reactions from the community, particularly from bitcoiners. Angel investor Akshay BD refuted Yakovenko's words, emphasizing that BTC has significant value in protecting users from counterparty risks. This, in addition to avoiding dependence on unstable banks and inflation-prone governments.
«Toly's opinions on Bitcoin are outdated and wrong. BTC is a scarce digital asset that is globally accessible and has no counterparty risk,» wrote Akshay BD.
Regarding the probable fall of a superpower, he said that the creation of Satoshi Nakamoto is valuable even if that collapse does not occur. He presented some examples of that value, listing some situations where fiat money generates debt and inflation for countries and individuals.
«If there is something of value in the world of cryptocurrencies, it is bitcoin, and it is very undervalued in a world with the highest sovereign, corporate, and household debt we have ever had. Bitcoin means freedom without counterparties,» he reiterated.
He questioned the value of Solana in that sense, stating that the currency of this network (SOL) «is probably overvalued because it is still finding its place in the world»
End of the quote...!
Gentlemen, read the articles and do not be deceived by misleading promises and millionaire formulas!
Don't lose the savings and assets of your life believing that everything will be fine and you will be able to make multimillion-dollar profits...
