Arthur Hayes Predicts Zcash Could Rapidly Reach $10,000–$20,000
Arthur Hayes, former CEO of BitMEX, predicts that Zcash could achieve 10% to 20% of Bitcoin's value, estimating a price of $10,000–$20,000 per ZEC. He attributes this potential growth to:
- Technical maturation with protocol upgrades like the Halo 2 upgrade, which resolved trust issues and enhanced Zcash’s credibility as a privacy asset.
- Increased usage of privacy features, with shielded transactions rising to 30% from just a few percentage points previously.
- A growing demand for true cash-like privacy in the digital age, differentiating Zcash from pseudonymous cryptocurrencies.
- An upcoming supply reduction due to Zcash’s halving, possibly increasing scarcity and driving price reflexivity.
Hayes emphasizes the current difficulty in acquiring Zcash through traditional venues, noting the potential for decentralized exchanges to become more prominent if prices rise. He also mentions his personal investment and renewed interest in Zcash following discussions with Naval Ravikant. At the time of reporting, ZEC was trading at $464.
