Naval: Even if off-chain assets are wrapped onto the blockchain, at most they can only gain minimal accounting convenience.
ChainCatcher News, Silicon Valley's well-known angel investor Naval Ravikant posted on X regarding the idea of "wrapping assets such as real estate and stocks on Zcash," stating, "Only digital, on-chain assets truly make sense. Off-chain assets, even if wrapped onto the chain, can at most gain some minor tracking or accounting convenience, and that's all."
Naval is a renowned angel investor in Silicon Valley. He has invested in well-known tech companies such as Twitter and Uber, and is also a successful entrepreneur, having founded the equity crowdfunding platform AngelList. He is also the author of the well-known book "The Almanack of Naval Ravikant."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS (UBS.US): Simulating an upward chip cycle, TXN becomes the top pick
A UBS report indicates that inventory levels of analog chips have dropped to lows, and continued price increases, along with tightening supply and demand, are supporting an upward industry cycle. Texas Instruments is the top pick due to its better-than-expected earnings and cash flow turning point, while Analog Devices and others are also performing strongly.
AI sell-off cools down financing costs, boosting small-cap stocks
Janus Henderson Bernstein pointed out that the adjustment of the AI sector will reduce overall financing costs, benefiting small-cap stocks. Despite the record-breaking consecutive declines in chip stocks and severe inflation data, he believes the market is undergoing a healthy revaluation and that long-term trends are not constrained by short-term dominant factors.

BTC breaks through 83,000 USDT, up 1.64% in 24 hours

Saylor Blames Trade Policy, Rising Yields and AI Spending for Bitcoin’s Struggles

