Multicoin unveils ‘significant’ zcash position as privacy trade returns

Multicoin Capital has established a "significant position" in zcash (ZEC), according to Co-Founder and Managing Partner Tushar Jain. This move signifies a shift from the firm's 2019 stance, where they believed privacy was an inherent feature of valuable cryptocurrencies rather than a standalone product. Jain links this investment to a growing conviction that private stores of value will become more critical as financial activities move on-chain. He highlighted that while Bitcoin can resist protocol-level freezes, public ownership still exposes holders to risks from governments or creditors. Zcash, with its built-in privacy features, aims to mitigate these risks by obscuring transaction details and user identities. ZEC's price has surged over 1,500% in the past year, reflecting a broader resurgence in interest for privacy-focused cryptocurrencies. The article also touches upon advancements in privacy technology, including Solana's confidential transfer infrastructure and the potential of fully homomorphic encryption (FHE) for private, composable DeFi.

(Source：CoinDesk)