Is Zcash The Next Bitcoin? Investors Rush Into The | Crypto News
Arthur Hayes has a new favourite coin — and it’s not Bitcoin. The veteran crypto investor just lately revealed that Zcash has turn into one of his largest crypto holdings exterior of Bitcoin, a disclosure that has drawn contemporary consideration to a cryptocurrency that many had written off.
Hayes said that as artificial intelligence, governments, and major tech corporations gain more capability to analyze public blockchain data, the demand for financial privateness will rise. Zcash, according to him, is designed for precisely that.
His view isn’t an remoted one. Barry Silbert, a identified persona in the crypto investment circles, described Zcash as resembling Bitcoin during its infancy — particularly around 2013, when BTC was still a fringe asset before its first major wave of mainstream adoption.
That comparability has resonated with a group of early Bitcoin aficionados who really feel the unique crypto has drifted from its roots.
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“Shielded Zcash enables you to swap and ship any coin, USDT on Tron, Bitcoin, something, and that transaction won’t level back to you. Completely… https://t.co/AOWKNsDRbc pic.twitter.com/tytoAgM5q0
— Laura Shin (@laurashin) May 12, 2026
What Is Driving The Renewed Interest?
Based on a Wall Street Journal report, a good quantity of longtime Bitcoin holders who have been current during a 2026 Las Vegas digital currency convention expressed dismay with how traceable and institutionalized Bitcoin has turn into.
Government businesses, exchange-traded fund issuers, and blockchain surveillance corporations can now monitor on-chain transactions with rising precision. For some buyers, that stage of transparency is a downside.
Zcash was constructed to remedy it. Launched in 2016 by cryptographer Zooko Wilcox alongside researchers from Johns Hopkins and MIT, the coin makes use of a technology called zk-SNARKs that permits customers to defend pockets addresses, transaction quantities, and switch particulars.
Unlike Bitcoin, where all transaction data is public by default, Zcash offers customers the option to transact privately while still permitting for transparency when needed.
Strengthening Demand
The renewed curiosity has shown up in the market. Since the start of May 2026, ZEC climbed from around $380 to a high close to $615 before pulling back.
The coin has gained more than 30% this month alone and is up almost 50% over the past 30 days, considerably outpacing Bitcoin during the same stretch. At the time of writing, ZEC is trading below $520 after a 5.50% drop in the last 24 hours.
Institutional assist is current. Grayscale Investments continues to offer publicity to Zcash through its investment merchandise. Yet the coin still carries a important risk that no quantity of movie star endorsement can eradicate.
Featured image from Pexels, chart from TradingView
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