Anatoly – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 21 Mar 2025 02:58:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Anatoly – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Solana CEO Anatoly Yakovenko: "Ashamed" Over Backlash to Deleted Ad https://earlybirdsinvest.com/solana-ceo-anatoly-yakovenko-ashamed-over-backlash-to-deleted-ad/ https://earlybirdsinvest.com/solana-ceo-anatoly-yakovenko-ashamed-over-backlash-to-deleted-ad/#respond Fri, 21 Mar 2025 02:58:53 +0000 https://earlybirdsinvest.com/solana-ceo-anatoly-yakovenko-ashamed-over-backlash-to-deleted-ad/

Anatoly Yakovenko, CEO and co-founder of Solana
SOL


$127.66

Labs, has spoken out following criticism of the company’s advertisement, which combined American patriotism, technology, and political messaging about gender identity.

The ad, titled “America Is Back — Time to Accelerate“, was posted on Solana’s official X account on March 17 but was removed after about nine hours. Before being taken down, it had gained around 1.2 million views and over 1,300 comments.

Solana has not released an official statement, but its X account reshared Yakovenko’s post.

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The two-and-a-half-minute video featured a man representing America in a therapy session. He expressed thoughts about innovation and crypto, to which the therapist responded that he should instead focus on creating a “new gender” or “pronouns”. The man replied that he wanted “to invent technologies, not genders”.

On March 19, Yakovenko addressed the backlash, admitting that the ad was a mistake. “The ad was bad, and it’s still gnawing at my soul”, he wrote on X. He added:

I am ashamed I downplayed it instead of just calling it what it is—mean and punching down on a marginalized group.

He also acknowledged the members of the Solana community who criticized the ad, calling their response necessary. Yakovenko said that he wants Solana to stay focused on open-source development and decentralization rather than political debates.

Meanwhile, Ripple’s CEO, Brad Garlinghouse, announced the US Securities and Exchange Commission (SEC) has officially dropped its case and appeal against the company. What did he say? Read the full story.

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]]> https://earlybirdsinvest.com/solana-ceo-anatoly-yakovenko-ashamed-over-backlash-to-deleted-ad/feed/ 0 26325 Solana’s Anatoly Yakovenko Says Bitcoin Has No Value, Sees BTC Only As Insurance in Case of Superpower Collapse https://earlybirdsinvest.com/solanas-anatoly-yakovenko-says-bitcoin-has-no-value-sees-btc-only-as-insurance-in-case-of-superpower-collapse/ https://earlybirdsinvest.com/solanas-anatoly-yakovenko-says-bitcoin-has-no-value-sees-btc-only-as-insurance-in-case-of-superpower-collapse/#respond Sun, 02 Mar 2025 11:41:36 +0000 https://earlybirdsinvest.com/solanas-anatoly-yakovenko-says-bitcoin-has-no-value-sees-btc-only-as-insurance-in-case-of-superpower-collapse/

Solana (SOL) creator Anatoly Yakovenko believes Bitcoin’s (BTC) main use case is as insurance for the collapse of a superpower.

In a new thread on the social media platform X, Yakovenko says Bitcoin is an expense and not an investment – something to protect against the possible collapse of a country touting economic and military might.

“BTC has no value. In the best light, it’s insurance. Based on my lifetime priors, there is a 1% chance a superpower will collapse any given year.

It’s worth it for me to spend 1% of my wealth on some asset that might not go to zero in that environment. It’s not an investment, it’s a cost, and there is no guarantee it will work. It’s as good at doing that at $100,000 as it is at $10,000.

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

Popular figures in the digital asset space advocate for BTC as a hedge against currency debasement. Yakovenko says he does not contest the thesis because it is aligned with his argument. However, he does not believe that investors should go all in on BTC.

“Currency debasement ~= superpower collapse, same use case – insurance. If it works, it’s because safety and property rights have intrinsic value. They are on the Maslow hierarchy of needs. But it’s not direct.

The worst amount of BTC to own is 100%.”

While Yakovenko thinks that Bitcoin has no intrinsic value, he champions layer-1 blockchains like Solana as they are designed to generate revenue with every transaction.

When asked about the value of coins that require gas to process transactions, Yakovenko says,

“The share of all future capturable fees.”

At time of writing, Bitcoin is trading for $86,236, up over 2% in the past day.

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