Naval: Bitcoin is a "hedge" against fiat.

On October 1, renowned Silicon Valley angel investor Naval Ravikant posted on X stating, "Bitcoin is insurance against fiat currency. ZCash is insurance against Bitcoin." Naval is a well-known angel investor in Silicon Valley, having invested in notable tech companies like Twitter and Uber, and he is also a successful entrepreneur who founded the equity crowdfunding platform AngelList. He has published the well-known book "The Almanack of Naval Ravikant."

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