Naval Ravikant, co-founder and former CEO of AngelList, recently commented on X about the evolution of monetary systems since 1971. He noted that the shift from 'natural money' like gold to 'socialist money' or fiat currency has paved the way for cryptocurrencies. Ravikant emphasized that cryptocurrencies represent a technological path to replace fiat with free market currencies. He highlighted the inherent competitiveness of market systems, suggesting that technological advancements will continue to introduce new forms of currency to challenge existing systems.