Arthur Hayes Outlines Why Zcash Could Surge To $10,000–$20,000 Fast

Arthur Hayes believes Zcash (ZEC) could rapidly increase in value, potentially reaching $10,000-$20,000 per coin. He attributes this optimistic outlook to three key factors: technological advancements, growing on-chain privacy usage, and an upcoming supply cut. Hayes highlights the removal of the "trusted setup" issue through protocol upgrades, improving Zcash's credibility. He praises the user experience, particularly Zashi wallet's Near Intents flows, comparing it to an enhanced privacy mixer. Increased adoption of shielded transactions, approaching 30%, demonstrates that the privacy features are actively utilized. Hayes emphasizes the need for true privacy in the face of on-chain analysis, differentiating it from pseudonymity. The upcoming Zcash halving, scheduled for November, is viewed as a significant supply catalyst. A limited liquidity and access to Zcash creates asymmetric opportunities for growth. Hayes shared that buying large quantities of ZEC through traditional brokers proved to be difficult. He believes that the increase in price will move through decentralized exchanges. Hayes's shift in perspective stemmed from a conversation with Naval Ravikant, leading him to invest heavily in Zcash. He anticipates substantial gains within weeks, considering it one of his top trades of the cycle.