DCG’s Barry Silbert: 5%-10% of bitcoin ‘will find its way into privacy-focused crypto’ like Zcash
Barry Silbert predicts 5-10% of bitcoin investment will shift to privacy-focused cryptocurrencies like Zcash, citing the growing importance of financial privacy.Summary
Digital Currency Group (DCG) CEO Barry Silbert believes that financial privacy is a crucial aspect of the future of cryptocurrency. While remaining bullish on Bitcoin as a portfolio component, he suggests its growth potential is limited compared to privacy-focused coins like Zcash and Bittensor. Silbert estimates that 5-10% of Bitcoin capital may flow into these privacy-centric cryptocurrencies over the next few years. He acknowledges Bitcoin’s lack of inherent privacy in the current landscape, with analytics firms tracking transactions, and views Zcash as a potential hedge against future threats, including quantum computing. DCG’s investment strategy reflects this belief, with Grayscale offering trusts for Zcash and previously for Horizon’s ZEN token, and actively pursuing an ETF conversion for the Zcash trust.
(Source：The Block)