Stock Market
By James Thorp
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Bitcoin at $1.56 Trillion, Zcash at $13.74 Billion. The numbers are stark. As of August 29, Bitcoin's market cap sat at $1.56 trillion.
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Privacy Tech and the AI Surveillance Angle. Zcash's core pitch has always been financial privacy.
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ETF Now Live on NYSE Arca. On August 25, Grayscale's Zcash ETF started trading on NYSE Arca.
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Zcash is up 19-fold over the past year. And Grayscale thinks it's still cheap.
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That's pretty much the headline from Grayscale's latest research, which makes a case that Zcash — despite its massive run — remains priced well below what its technology might…
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The numbers are stark. As of August 29, Bitcoin's market cap sat at $1.56 trillion. Zcash's came in at $13.74 billion — making Bitcoin roughly 114 times larger.
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Bitcoin controls 93% of Grayscale's internal "Currencies" sector. Zcash is a rounding error by comparison.
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Grayscale lays out some hypothetical scenarios. If Zcash were to capture 2% of Bitcoin's market cap, the price would land around $1,622 per coin.
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Zcash's core pitch has always been financial privacy. It supports shielded transactions that use zero-knowledge proofs to obscure transaction details — sender, receiver, amount,…
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Grayscale's research leans into something that's probably going to get louder as a concern: artificial intelligence and financial surveillance.
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Read also: Bitwise Moves $15.4 Million in XRP as Price Dips to $1.30
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Zcash also shares some DNA with Bitcoin — proof-of-work consensus, fixed coin supply — which Grayscale seems to think matters for credibility.
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There's also a newer piece: "intents technology." This lets users coordinate cross-chain transactions and access Zcash's privacy features without merchants needing to directly…
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On August 25, Grayscale's Zcash ETF started trading on NYSE Arca. Before that, it was sitting on OTCQX — accessible, but not exactly mainstream.
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Broader access probably matters here. Zcash has historically been a coin for privacy enthusiasts and technically sophisticated holders.
The Currency Analytics
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