Bitcoin: The Overhyped Digital Dinosaur? 🦖💸

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So, Anatoly Yakovenko, the co-founder of Solana (you know, the one with the fancy tech), just dropped a bomb on X. He boldly declared, “Bitcoin has no value.” 😱

Why, you ask? Well, apparently, Bitcoin is like that insurance policy you buy for the apocalypse—totally useless until the world ends. He claims it doesn’t generate cash flows like stocks or real estate. So, it’s basically a glorified safety net for when the superpowers decide to play Jenga with the world. 🎲

He even said, “There’s a 1% chance a superpower will collapse any given year.” So, he’s cool with spending 1% of his wealth on something that might not go to zero—like a lottery ticket for the end of days. 🎟️

But wait, there’s more! Yakovenko pointed out that Bitcoin’s tech is as fresh as a 15-year-old loaf of bread. It hasn’t changed much since its inception, which is a bit like saying your grandma’s fruitcake is still edible after all these years. 🍰

His tweet sparked a Twitter war, with some users defending Bitcoin like it’s their firstborn. They argued it’s the new gold, a safe haven during inflation—because who doesn’t want to hoard digital coins instead of actual gold bars? 🏆

Laura Shin chimed in, saying that even if you don’t believe in the superpower apocalypse, people still find value in Bitcoin. It’s like the friend who shows up to the party with snacks—everyone appreciates it, even if they don’t know why. 🍕

She also pointed out that Bitcoin is easier to understand than Ethereum or Solana. It’s like comparing a simple math problem to quantum physics. And let’s not forget, Bitcoin is one of the few assets that has hit the $1 trillion mark without a central bank holding its hand. 💰

“The market has spoken,” she concluded, reminding us that Bitcoin’s value is decided by the masses, not by some tech bro in a hoodie. 🙌

But Yakovenko wasn’t backing down. He argued that companies like Apple can be valued based on future cash flows, which is something Bitcoin just can’t do. It’s like trying to measure the value of a unicorn—good luck with that! 🦄

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2025-03-01 19:49