Solana Co-Founder Discusses Bitcoin's Value

According to PANews, Solana co-founder Toly recently expressed his views on Bitcoin's value in response to community members. He stated that Bitcoin holds no intrinsic value and is best considered as insurance. Toly explained that, based on his life experiences, there is a 1% annual chance of a superpower collapsing. In such a scenario, he believes it is worthwhile to allocate 1% of one's wealth to assets that might retain value. He emphasized that this approach is not an investment but rather a cost, with no guarantee of success. Toly noted that Bitcoin could serve this purpose whether its price is $100,000 or $10,000, and that its effectiveness is largely unrelated to technology, aside from its initial innovation 15 years ago.