For him, “Bitcoin has no value”and therefore more than an investment, it considers it a cost. “There is no guarantee that it works,” he added, in statements that generated a lot of controversy.
In this way, for the developer The only real use of BTC is like coverage against the collapse of a global superpower. A scenario that believes that it has only a 1% chance of happening.
The co-founder said that he would personally assign a small part of his wealth to Bitcoin under that premise, insisting that it is not an investment or any certainty that he succeeds.
“It is as good to do that with US $ 100,000 as with US $ 10,000. If it works, it has very little to do with technology beyond the initial innovation that happened 15 years ago,” he said. Hence I see BTC as a bet and not as an asset.
Strong impact on the crypto community
His comments generated strong community reactionsparticularly of the bitcoiners. Investor Ángel Akshay BD refuted Yakovenko’s words, emphasizing that BTC has a significant value by protecting users from counterpart risks. This, in addition to avoiding unstable banks and governments prone to inflation.
“Bitcoin’s opinions are obsolete and wrong. BTC is a scarce and accessible digital asset worldwide that has no risk of counterpart”Akshay BD wrote.
As for the probable fall of a superpower, he said that the creation of Satoshi Nakamoto is valuable even if that collapse does not happen. He presented some examples of that value, listing some of the situations in which Fíat money generates debts and inflation to countries and people.
“If there is something that has value in the world of cryptocurrencies, it is Bitcoin, and is very undervalued in a world with the greatest sovereign, corporate and family debt that we have ever had. Bitcoin means freedom without counterparts“He reiterated.
In that sense the value of Solana, ensuring that the currency of this network (Sol) “is probably overvalued because it is still looking for its place in the world.”
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
