🚨 Top Crypto Headlines Today – What’s Shaping the Market?

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📢 Solana Cofounder Claims Bitcoin Has No Value, Here’s Why

Bitcoin Has No Value And Is Not An Investment, Says Solana Cofounder

Solana cofounder Anatoly Yakovenko has cast aspersions on Bitcoin’s viability as an investment option, saying the asset has no value. Yakovenko made the assertions on a post on X, claiming that the asset is not an investment but akin to a coin flip.

He argues that the best-case scenario for Bitcoin is as “insurance” against the collapse of a global superpower. The Solana co-founder pegged the odds of such a collapse at 1%, adding that Bitcoin may hold up well in the event of a superpower implosion.

“It’s worth it for me to spend 1% of my wealth on some asset that might not go to zero in that environment,” said Yakovenko. “It’s not an investment, its a cost and there is no guarantee that it will work.”

Yakovenko adds that a BTC price of $100K or $10K does not affect its ability to withstand a superpower collapse.

“If it works, it has very little to do with technology outside of the initial innovation that happened 15 years ago,” said Yakovenko.

⚠️ Robert Kiyosaki Calls US Dollar A Scam, Advocates For Bitcoin

Robert Kiyosaki Calls US Dollar a Scam, Urges Bitcoin Investment

In a recent post on X platform, Robert Kiyosaki questioned whether Bitcoin is a scam but stated that the U.S. dollar and the banking system are worse. He emphasized that the Federal Reserve and the banking sector manipulate the financial system, benefiting from government bailouts while the general public suffers losses.

Kiyosaki also warned against Bitcoin ETFs, stating that they are controlled by financial institutions. He urged investors to own real assets such as gold, silver, and Bitcoin rather than relying on financial products managed by banks. He expressed concerns that banking institutions could manipulate these ETFs, reducing investors’ control over their holdings.

Moreover, the financial writer recently shared insights ahead of the predicted market crash, advising individuals to focus on assets that maintain value. Kiyosaki emphasized the importance of gold, silver, and Bitcoin as protection against inflation and financial instability. Kiyosaki also encouraged investing in essential businesses and real estate opportunities that emerge during downturns.