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Arthur Hayes Outlines Why Zcash Could Surge To $10,000â$20,000 Fast
Arthur Hayes thinks Zcash can move an order of magnitude faster than most investors expectâand he spelled out why in a Coin Bureau interview released on November 3. The former BitMEX CEO ties the new Zcash bull case to a three-part story that mixes technical maturation, visible shifts in on-chain behavior, and a looming supply inflection. âI think that 10% to 20% of the value of Bitcoin quite quickly is something that Zcash could achieve,â he saidâan estimate that, at current Bitcoin prices, translates to roughly $10,000â$20,000 per ZEC. Why Zcash Could Skyrocket To $10,000-$20,000 For Hayes, the technology is no longer the 2016 experiment that divided the market over ceremony theater and cryptographic trust. He recounted being âdeep into Zcash in 2016â when BitMEX listed a pre-genesis futures market and spot prices briefly printed around â$3,000 a coin on Poloniexâ before supply filled in. Whatâs changed, he argues, is the removalâby protocol upgradesâof the original single biggest credibility drag. âOne of the big issues with Zcash back then was this trusted setup issue⊠but essentially, I think it was the Halo 2 upgrade recently removed or maybe a few years ago removed that trusted setup issue.â That, in his telling, reframes Zcash from a clever but encumbered R&D project into a privacy asset whose cryptography now clears the institutional sniff test. Related Reading: Zcash Rally Gains Steam, Can ZECâs 4.5M Shielded Supply Push It Back Into the Top 20? He couples that with direct user-level experience. Hayes says he installed Zashi, Zcashâs flagship wallet, and used Near Intents flows to shield and swap, which he likened to an industrial-strength mixer. âWhen you do that, itâs essentially like Tornado Cash on steroids,â he said, emphasizing that the resulting output asset âappears, but itâs not linked to any other transaction.â Costs remain a frictionââItâs definitely not cheap yetââbut he points to trend data he has reviewed showing a secular rise in actual privacy usage: âthe amount of shielded transactions is approaching I think 30%, up from like a few percentage points when I cared about Zcash a long time ago.â In other words, the privacy feature set is not just theoretically stronger; it is being used. The demand narrative rests on a simple claim: in the age of on-chain forensics and AI-enabled pattern recognition, true cash-like privacy is a product with differentiated utility. Hayes draws a sharp line between pseudonymity and privacy. âI believe in privacy coins⊠I think Bitcoin being synonymous is actually a good thing because I want to be able to track Bitcoin, but I also want to have internet cash where there is no traceability of that.â He contrasts Zcash with Moneroâs recent headlines, citing reports that âthe Japanese authorities were able to deanonymize Monero by⊠linking together different disparate parts of some information.â Scarcity is the third pillar. Hayes flags the Zcash halving âcoming up in a few weeks, November,â framing it as the timing catalyst that could supercharge reflexivity if investor attention and liquidity arrive in tandem. The supply cut is not the entire story for himâhe dismisses halving dogma in Bitcoinâbut he does view a synchronous demand narrative plus a mechanical issuance drop as unusually potent for a small-float asset when a privacy bid is already rising on-chain. Related Reading: $10K Is Coming: Arthur Hayesâ Zcash âVibe Checkâ Sparks 30% Moonshot Liquidity and access are precisely why he sees the setup as asymmetric. Zcash is not broadly quotable, which is a risk and an opportunity. âI hit up⊠eight or nine OTC brokers. Only two brokers would quote me Zcash,â he said, describing how hard it was to acquire size through traditional venues. He expects that, if the price begins to trend, the path will run through permissionless rails rather than regulated exchanges. âIf the price rises high enough⊠I can buy it on one of these decentralized exchanges and thatâll be how you really get access⊠just like how Bitcoin was back [then].â Hayes also addresses the change in his own posture, including what catalyzed it. He credits a dinner during Token2049 with Naval Ravikant, who âstarted shilling me on Zcash,â prompting him to push past his 2016-era objections and re-underwrite the protocol. âI bought a few million bucks on the spot at that point,â he said, adding that he kept buying âeven though I bought it after the 80% pump when Naval sent out that tweet.â Hayes believes the upside can compress into weeks rather than years. In his words: âIâve bought a lot of it⊠Iâm still buying it. I think that this is probably going to be one of my better trades of the cycle.â At press time, ZEC traded at $464. Featured image created with DALL.E, chart from TradingView.com
Arthur Hayes Outlines Why Zcash Could Surge To $10,000â$20,000 Fast
Arthur Hayes thinks Zcash can move an order of magnitude faster than most investors expectâand he spelled out why in a Coin Bureau interview released on November 3. The former BitMEX CEO ties the new Zcash bull case to a three-part story that mixes technical maturation, visible shifts in on-chain behavior, and a looming supply inflection. âI think that 10% to 20% of the value of Bitcoin quite quickly is something that Zcash could achieve,â he saidâan estimate that, at current Bitcoin prices, translates to roughly $10,000â$20,000 per ZEC. Why Zcash Could Skyrocket To $10,000-$20,000 For Hayes, the technology is no longer the 2016 experiment that divided the market over ceremony theater and cryptographic trust. He recounted being âdeep into Zcash in 2016â when BitMEX listed a pre-genesis futures market and spot prices briefly printed around â$3,000 a coin on Poloniexâ before supply filled in. Whatâs changed, he argues, is the removalâby protocol upgradesâof the original single biggest credibility drag. âOne of the big issues with Zcash back then was this trusted setup issue⊠but essentially, I think it was the Halo 2 upgrade recently removed or maybe a few years ago removed that trusted setup issue.â That, in his telling, reframes Zcash from a clever but encumbered R&D project into a privacy asset whose cryptography now clears the institutional sniff test. Related Reading: Zcash Rally Gains Steam, Can ZECâs 4.5M Shielded Supply Push It Back Into the Top 20? He couples that with direct user-level experience. Hayes says he installed Zashi, Zcashâs flagship wallet, and used Near Intents flows to shield and swap, which he likened to an industrial-strength mixer. âWhen you do that, itâs essentially like Tornado Cash on steroids,â he said, emphasizing that the resulting output asset âappears, but itâs not linked to any other transaction.â Costs remain a frictionââItâs definitely not cheap yetââbut he points to trend data he has reviewed showing a secular rise in actual privacy usage: âthe amount of shielded transactions is approaching I think 30%, up from like a few percentage points when I cared about Zcash a long time ago.â In other words, the privacy feature set is not just theoretically stronger; it is being used. The demand narrative rests on a simple claim: in the age of on-chain forensics and AI-enabled pattern recognition, true cash-like privacy is a product with differentiated utility. Hayes draws a sharp line between pseudonymity and privacy. âI believe in privacy coins⊠I think Bitcoin being synonymous is actually a good thing because I want to be able to track Bitcoin, but I also want to have internet cash where there is no traceability of that.â He contrasts Zcash with Moneroâs recent headlines, citing reports that âthe Japanese authorities were able to deanonymize Monero by⊠linking together different disparate parts of some information.â Scarcity is the third pillar. Hayes flags the Zcash halving âcoming up in a few weeks, November,â framing it as the timing catalyst that could supercharge reflexivity if investor attention and liquidity arrive in tandem. The supply cut is not the entire story for himâhe dismisses halving dogma in Bitcoinâbut he does view a synchronous demand narrative plus a mechanical issuance drop as unusually potent for a small-float asset when a privacy bid is already rising on-chain. Related Reading: $10K Is Coming: Arthur Hayesâ Zcash âVibe Checkâ Sparks 30% Moonshot Liquidity and access are precisely why he sees the setup as asymmetric. Zcash is not broadly quotable, which is a risk and an opportunity. âI hit up⊠eight or nine OTC brokers. Only two brokers would quote me Zcash,â he said, describing how hard it was to acquire size through traditional venues. He expects that, if the price begins to trend, the path will run through permissionless rails rather than regulated exchanges. âIf the price rises high enough⊠I can buy it on one of these decentralized exchanges and thatâll be how you really get access⊠just like how Bitcoin was back [then].â Hayes also addresses the change in his own posture, including what catalyzed it. He credits a dinner during Token2049 with Naval Ravikant, who âstarted shilling me on Zcash,â prompting him to push past his 2016-era objections and re-underwrite the protocol. âI bought a few million bucks on the spot at that point,â he said, adding that he kept buying âeven though I bought it after the 80% pump when Naval sent out that tweet.â Hayes believes the upside can compress into weeks rather than years. In his words: âIâve bought a lot of it⊠Iâm still buying it. I think that this is probably going to be one of my better trades of the cycle.â At press time, ZEC traded at $464. Featured image created with DALL.E, chart from TradingView.com