In the crypto currency world, different opinions continue to be put forward on Bitcoin’s use and value. Solana (left) founder Anatoly Yakovenko argues that Bitcoin’s main use should be considered as insurance against the collapse of a superpower. According to Yakovenko, BTC should be seen as an assurance against a possible economic and political crisis rather than being an investment tool.

BTC Description from Solana founder

Solana (Left) founder Anatoly Yakovenko said that the main purpose of Bitcoin (BTC) should be considered as insurance against the collapse of a superpower. Yakovenko, social media platform X in his share, Bitcoin is not an investment, on the contrary, a country with economic and military power is a means of protection against the possibility of collapse, he said. Yakovenko’s statements as follows:

BTC has no value. At best is an insurance. Based on the predictions I have acquired for life, the probability of a superpower every year is 1 %. Therefore, it makes sense to spend 1 %of my assets in a being that may not go to zero in such an environment. This is not an investment, a cost. And there is no guarantee that it will work. I think BTC is equally suitable for this purpose at $ 100,000 and $ 10,000. If it works, it has nothing to do with technology, except for the initial innovation that took place 15 years ago.

Bitcoin is seen as the asset of value protection

Many popular figures in the field of crypto assets support Bitcoin as a protection against the depreciation of the currency. Yakovenko says that he did not oppose this view, but it finds unreasonable for investors to invest all their assets to Bitcoin. He adds the following statements:

The depreciation of the currency and the collapse of superpower are equivalent to each other. Serves the same purpose of use: Insurance. If it works, it is because security and property rights have internal values. These are included in Maslow’s hierarchy of needs. However, there is no direct connection. The worst of the worst Bitcoin is 100 %.

Although Yakovenko thinks Bitcoin does not have an inner value, he argues that the 1st layer of 1st layer like Solana is designed to create income in every process. The question of a user about the value of crypto currencies requiring a user for the realization of transactions, “the share of the transaction fees that can be caught in the future” responded. At the time of this news, Bitcoin was traded at $ 86,236 and has increased more than 2 %in the last 24 hours.