On Twitter, Uber investor Naval Ravikant calls Bitcoin the ultimate store of value among cryptocurrencies

Over the years, Bitcoin’s narrative as a store of value and inflation hedge has been aggressively pushed by its ardent proponents. The narrative has been bolstered by King Crypto’s stunning 109x jump in value over the past 10 years, a feat yet to be matched by assets from traditional finance, including gold – the widely accepted store of value.

On the other hand, blockchains like ether ETH/USD and Solana USD/CHF have increasingly become mainstream payment platforms due to the issuance of dollar-pegged stablecoins.

See also: Dogecoin, Shiba Inu, XRP flagged by analytics firm as buying opportunities amid 2024 sentiment dip

Why it is important: Ravikant’s views on Bitcoin are significant given his influence in the investment community. He is best known as the founder of FishingListHe has invested in over 200 early-stage companies, including Above And Þjórsárden.

He has previously stated that Bitcoin solves “money problems,” and as can be seen from the above post, he seems to continue to hold that view.

Earlier this month, Ravikant caused a stir when he threatened to fire all of his Tesla Shares if Elon Musk’s Salary package was not approved.

Price promotion: At the time of writing, Bitcoin was trading at $64,638.49 and was down 1.44% over the past 24 hours, according to data from Benzinga Pro.

Read more: What if Peter Schiff had invested $10,000 in Bitcoin 13 years ago instead of denigrating it for the first time? That’s how much he would have today

Disclaimer: This content was created in part with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.