by Rushali 
A cryptocurrency is a new form of investment or asset class and it is quite understandable that people are scared in investing them and Government is evidently against them as it can be intimidating at first. There are youtube channels that are turning against this future of currency and advocating against them without knowing the real scenario and why it needs to be supported.
Governments and Banks are treating this space as a hub for money laundering businesses which cant be more away from the truth. The funniest thing I have seen is that certain youtube channels especially the stock market ones are clearly against this whole revolution and the only reason when asked was that it is not “Regulated”.
The regulation comes from not scaring away potential investors but making them understand the volatility which this space holds for now and making them aware of the risks also, educating government officials by pointing them in the right direction. The purely hostile nature against an evolving space is not acceptable if one is not even aware of the future and use cases it holds.
Banks are digging new lows every day by using the now invalid cryptocurrency ban bill from 2018 to scare the investors by sending them emails about the freezing of their bank accounts in case they continue to deal in the virtual money, I mean come on that’s not right!
After all this RBI stepped forward to clarify the whole banking situation by stating that banks are not allowed to threaten customers by using the invalid bill from 2018 as it was dismissed by the honorable Supreme Court.
A lot is happening in this space which is expected looking at the volume of change this space is holding for the future and it will be implemented slowly but surely and people need to stay calm and only invest what they can lose or if they are expert in this space they go all in and trade it like any other stock.
We at Cryptoemotions will never advise anyone and would like everybody to do their own research before investing as this space is hugely volatile because of the lack of regulation and liquidity.
Anyway, today we will be talking about Mr. Naval Ravikant one such cryptocurrency and blockchain influencer from India who can be considered an ideal example of what proper research and early investments in evolving technologies can do, that’s the main point here.
Also, we will take a look at his current net worth.
Introduction
Naval Ravikant was born in Delhi in 1974, and he is an Indian-origin American entrepreneur, investor and is most popularly known as the founder of AngelList, a company focused on finding angel investors for promising startups and new companies.
Ravikant along with his brother and mother moved to America when he was around 9 years of age.
He completed his formal education from Dartmouth College earning a degree of Bachelors of Arts in computer science and economics.
Ravikant as all the entrepreneurs do head directly to Silicon Valley in order to start his entrepreneurial career by laying the foundation for Epinions.com, a consumer product review website. In 2003, it merged with deal time to form Shopping.com and is now owned by eBay, and is one of the leading price comparison websites for different products.
Moving on to founding a venture capital firm known as “The Hit Forge” and invested as one of the early investors in multi-bagger companies like Twitter, Uber etcetera building his strong investment portfolio.
After gaining a hell of a lot of experience in the investment sector he started writing a blog that helped new startups and entrepreneurs to provide a direction on how to raise money from angel investors by providing insights on what is important in the pitch and what is not. This blog later evolved into AngelList which he founded to help startups in organizing fundraisers and finding the correct angel investor for their ideas.
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In 2014, Ravikant delved into the cryptocurrency business and found the Metastable Capital which is a cryptocurrency hedge fund and invests in bitcoins, Ethereum, and other cryptocurrencies which is definitely an exponentially growing factor of his huge portfolio.
In 2017, he launched Spearhead. co-investment fund which according to its website “Spearhead gives founders their first fund and teaches them the craft of angel investing. Founders get capital, mentorship from leading angels, and access to a community of elite alumni.” I couldn’t really wrap my head around this but, it is like the founders are provided with a 1 million dollar fund and if they make successful investments they are eligible for the second round so, basically teachings from successful investors and all about the first-hand knowledge.
Ravikant also hosts various podcasts like Naval in which he mostly talks about the philosophy behind the whole investing, business, and entrepreneurship scenario. He also has a book which he distributes for free named ‘The Almanack of Naval Ravikant’ in which all of his curated tweets and learning material can be found at one place providing some important life lessons.
Naval Ravikant Networth
You can see for yourself how early investments can change someone’s life, Ravikant didn’t know that Twitter and Uber will go this big only if he had listened to others and did not invest in those companies and also the cryptocurrencies, You might not be reading about him here. The total assumed networth of Naval Ravikant as of 2021 is almost around 30 million US dollars which translate roughly to 220 crores in Indian currency.
