PANews reported on March 1st that Solana co-founder Toly stated in response to community members, "Bitcoin has no value. At best, it's insurance. Based on my life experience, there is a 1% chance of a superpower collapsing every year. For me, spending 1% of my wealth to buy some assets that may not go to zero in such an environment is worth it. This is not an investment but a cost and there's no guarantee it will work out. Bitcoin can do this at both $100,000 and $10,000 levels. If it works effectively, beyond the initial innovation 15 years ago, it has little to do with technology."