PANews reported on March 1 that Solana co-founder Toly said in response to a community member, “Bitcoin has no value. To put it in a better way, it’s insurance. Based on my life experience, a superpower has a 1% chance of collapse every year. For me, it’s worth spending 1% of my wealth on some assets that may not go to zero in that environment. This is not an investment, but a cost, and there is no guarantee that it will work. Bitcoin can do this at both $100,000 and $10,000. If it works, it has little to do with technology other than the original innovation 15 years ago.”