"The Naval Book of Wisdom" Silicon Valley angel investor Naval: If the spirit of crypto punk is no longer present, Crypto Assets will be a meaningless illusion.

The crypto assets market faced severe price fluctuations within just a few hours, resulting in over ten billion dollars in positions being liquidated. The well-known angel investor from Silicon Valley, Naval, also described the various participants in today's crypto assets industry in a rather poetic way on Twitter, often carrying a high degree of speculation. If the spirit of crypto punk is no longer present, then the crypto world will be a meaningless illusion.

The "Naval Bible" Naval has invested in Polymarket and OpenSea.

"The Almanack of Naval Ravikant" ( The main character Naval Ravikant is a highly influential thinker, investor, and entrepreneur in Silicon Valley and the crypto world. He is most well-known as a co-founder of AngelList, a platform that connects startups with angel investors, and is regarded as an important milestone in the modern "democratization of venture capital."

He has invested early in many companies that later changed the world, such as Twitter, Uber, Yammer, Notion, and Clubhouse, and is regarded as one of the smartest angel investors in Silicon Valley. Naval is not only an important figure in the venture capital world but has also become a phenomenon-level thought leader due to his profound reflections on wealth, happiness, and self-growth. Later, his views and thoughts were compiled and edited by Eric Jorgenson into "The Almanack of Naval Ravikant )."

In the Crypto Assets industry, his investment portfolio includes Polymarket, Monad, ika, OpenSea, NEAR, Stacks, dYdX, Starknet, Celo, Avalanche, and others.

Naval: If the spirit of crypto punk is no longer, the Crypto Assets will be a meaningless illusion.

After the cryptocurrency market experienced an epic bloodbath worth billions, Naval also stated on Twitter: "Crypto Assets are... desperate gamblers chasing their first pot of gold in life. Investors are funding the construction of a global casino. Bankers hypnotize the masses to extract their profits. But without those Cypherpunks who guard the encryption and the unstoppable dreams of coin (, all of this will be meaningless, a fleeting illusion."

)Vitalik revisits old news, criticizing Peter Thiel: not a Cypherpunk, conflicting with the spirit of encryption privacy(

For gamblers, cryptocurrency means the gambling table, not a technological revolution. And construction does not necessarily equal value creation; when the purpose of construction is merely to facilitate larger-scale speculation, innovation itself becomes smoke. As for Wall Street's investment in cryptocurrencies, when encryption becomes the new Wall Street, decentralization is just packaging, and financial power remains concentrated. However, if encryption loses its cryptopunk spirit, it will be left with only speculation and financial illusions.

But there are also opposing views, believing that Naval's romanticization of Crypto Assets is just like it's still 2013. Gamblers provide liquidity to the market, rather than being a cancer that affects the crypto industry. Without them, your "encryption punk dream" might still just be a PDF file on a forum.

Researcher Haotian: The spirit of crypto punks gives meaning to the existence of Crypto Assets.

When Naval unveils the essence of the crypto world in poetic language, Haotian adds a brutally realistic footnote: he points out that the entire industry continues to operate not because of the cleverness of gamblers, investors, or bankers, but because countless Builders are using technology and ideals to embellish this global casino. Without their continuous construction, Crypto would have long since degenerated into a game of passing the buck.

) Researcher Haotian is bearish on the Crypto Assets industry: Is Crypto becoming a "three-party harvesting scheme"? (

Today, this world has become a theater: everyone performs on stage, calculating off stage, as the spirit of the geek and the dream of decentralization are replaced by trading volume and narratives. Haotian emphasizes that only the distant dream of crypto punk still gives meaning to this illusion; without it, all of this is just a bubble. He quotes a saying: "Truth is in the hands of God, but the mob always draws Caesar's attention first, in the name of the savior."

This article "The Naval Bible" Silicon Valley angel investor Naval: If the spirit of crypto punk no longer exists, Crypto Assets will be a meaningless illusion. It first appeared in Chain News ABMedia.