⸺ Bull case · June 21, 2024 ⸺
Naval Ravikant
Founder, AngelListInvestor
“Perhaps Bitcoin is the true L1 (the store of value) and every other chain is competing for L2.”
Price when they said it
$64,119
Today
$61,577
If you’d listened
×0.96
-4% since the call
Skin in the game
25/100
Bullish thesis, no disclosed allocation.
The influential tech investor frames Bitcoin as the foundational store-of-value layer that all other chains merely compete beneath — a thesis, not a number.