Naval Ravikant, the Silicon Valley angel investor and AngelList founder, posted on X on October 1 that “Bitcoin is insurance against fiat currency. ZCash is insurance against Bitcoin.” Ravikant, known for early investments in companies including Twitter and Uber and for authoring “The Navalmanack,” framed the remark in concise terms.
Analysts interpret the statement as positioning Bitcoin as a store-of-value hedge versus fiat devaluation and ZCash as a privacy-centric adjunct within crypto allocations. From a pragmatic, risk-management angle, the comment highlights themes of portfolio diversification, privacy risk premia and regulatory exposure, offered as a perspective rather than as a market forecast.