Arthur Hayes Turns Bullish on Zcash
BitMEX co-founder Arthur Hayes has made headlines after publicly stating his belief that Zcash (ZEC) could reach $10,000, marking one of the most optimistic price forecasts in the privacy coin sector. The statement came as ZEC’s price exceeded $310 and its market capitalization climbed past $5 billion.
Zcash Market Momentum Gains Strength
Zcash, long known for its focus on transaction privacy and zero-knowledge proof technology, has seen a significant resurgence in both price and social media interest. The project, once considered stagnant, is now drawing comparisons to Bitcoin for its supply model and early design philosophy. Crypto communities on X (Twitter) have been buzzing, often referring to Zcash as a “second Bitcoin.”
Hayes’ Reversal on ZEC’s Future
Hayes’ newfound enthusiasm represents a major shift from his earlier skepticism. For years, he questioned the long-term viability and adoption potential of Zcash, often citing a lack of mainstream traction. His change of heart coincided with the token’s recent surge, prompting speculation that he may now view privacy-focused assets as a critical component of the next bull cycle.
The Broader Context of Privacy Coins
Zcash’s rally comes amid renewed debate about the future of privacy coins in a tightening regulatory landscape. While assets like Monero and Dash have faced delistings, ZEC’s transparent and optional privacy model may offer a compliant middle ground. If adoption continues, Zcash could regain relevance as both a privacy tool and a speculative investment.
Market Outlook
Whether Zcash can realistically approach Hayes’ $10,000 target remains uncertain. However, the market enthusiasm following his statement highlights the growing investor appetite for legacy crypto projects with renewed narratives. For now, ZEC’s momentum underscores a familiar pattern in crypto cycles: revived belief in “old giants” when markets turn bullish.
