Wu said he learned that Solana co-founder Toly, in responding to community members, stated that Bitcoin has no value. From the most optimistic perspective, it is a form of insurance. Based on my lifetime of experience, there is a 1% chance each year that a major country will collapse. In such an environment, I am willing to put 1% of my wealth into an asset that might not go to zero. It is not an investment, but a cost, and there is no guarantee it will definitely succeed. Whether Bitcoin is at $100,000 or $10,000, its performance remains the same. If it does succeed, it has almost nothing to do with the technology beyond the initial innovation from 15 years ago.