Naval Ravikant's endorsement of Zcash (ZEC) as a form of insurance against Bitcoin (BTC) has sparked debate within the crypto community. Critics argue that ZEC's price is closely tied to BTC and lacks the characteristics of true insurance, noting that ZEC is currently 95% below its all-time high, while BTC remains near its peak. Concerns have also been raised about Ravikant's financial interests, as he invested in Zcash's early rounds and served on the Zcash Foundation's board. The Electric Coin Company, responsible for Zcash's development, has highlighted its compliance with government regulations, a stance that contrasts with Bitcoin's cypherpunk roots.