From Startup Fortune · · 1m
Zcash surges 121% this year as institutions back privacy coins
Zcash jumps 121% this year as institutions like Grayscale and Robinhood back privacy coins.
In brief
Zcash jumps 121% this year as institutions like Grayscale and Robinhood back privacy coins. Zcash rose 121% this year as institutions including Grayscale and Robinhood increased demand for privacy coins. Originally reported by Startup Fortune.
Zcash performance
Zcash gained 121% this year, outperforming bitcoin and becoming crypto's best-performing asset.
Naval Ravikant's tweet
Naval Ravikant tweeted Bitcoin is insurance against fiat while Zcash is insurance against Bitcoin.
“Bitcoin is insurance against fiat, while Zcash is insurance against Bitcoin”
Institutional adoption
Multicoin Capital built a significant position in ZEC and Grayscale converted Zcash to a listed ETF.
“built a significant position”
Zcash ETF growth
Grayscale's Zcash ETF pulled in $70 million in net new inflows within two weeks of launch.
Shielded transactions
Zcash shielded transactions grew from 11% to 31% of total volume in the past year.
AI threat to crypto
Ethereum researcher Justin Drake warned AI could break crypto wallet security within months.
Zcash's response
Zcash developers plan hash-based signatures to resist quantum and AI attacks by January 2027.
The big picture
Zcash rose 121% this year as institutions including Grayscale and Robinhood increased demand for privacy coins.
