Grayscale believes Zcash (ZEC) could become a significant competitor to bitcoin as demand for financial privacy grows amid AI-powered surveillance concerns. ZEC has risen approximately 19-fold over the past year, yet its market cap remains below 1% of bitcoin’s, suggesting further upside potential according to the report. Zach Pandl, head of research at Grayscale, highlighted Zcash’s second-mover advantages, particularly its ability to shield transaction information. The firm also warned about the high volatility risk associated with this investment. Zcash could reach a valuation above $4,000 if its market capitalization reached 5% of bitcoin’s.
Source: Read the original article
