Solana Co-founder: Bitcoin is a form of insurance, not an investment, it can ensure as much as possible that one's assets will not become zero
PANews reported on March 1st that Solana co-founder Toly stated in response to community members, "Bitcoin has no value. At best, it's insurance. Based on my life experience, there is a 1% chance of a superpower collapsing every year. For me, spending 1% of my wealth to buy some assets that may not go to zero in such an environment is worth it. This is not an investment but a cost and there's no guarantee it will work out. Bitcoin can do this at both $100,000 and $10,000 levels. If it works effectively, beyond the initial innovation 15 years ago, it has little to do with technology."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Layer 33 calls for a pause on removing validators under the new Solana Foundation regulations
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
Asia-Pacific stock markets follow the overnight rally in US tech stocks, with South Korea's KOSPI up 5% at the open, SK Hynix surging more than 7%, and Nikkei 225 rising over 2%.
This round of rebound occurred after the market experienced severe turbulence. Last week, concerns over the potential for stricter regulation of the artificial intelligence industry, due to the US Congressional election results, triggered a large-scale sell-off in chip stocks. Several market participants believe that this rebound indicates investors have not abandoned the AI trading narrative, and last week’s sell-off was more about position adjustments rather than a trend reversal.
Barrick’s Marquee gold project faces hazy study timing
Crypto prices
More
