Bloomberg analyst Eric Balchunas warns Zcash could split support away from Bitcoin as critics claim artificial hype, while the Winklevoss twins launch a Zcash treasury venture.
Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, as critics accuse the privacy coin of manufactured hype.) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (intensifies.
Arman Meguerian, founder and CEO of Timestamp, dismissed the idea that BTC supporters are pivoting to Zcash. “I don't know a single Bitcoin maxi that thinks about Zcash at all,” heThe backlash grew sharper as other industry personalities accused Zcash advocates of manufacturing hype. Mark Moss, a Bitcoin-focused venture capitalist, seasoned entrepreneur, and educator, recently posted screenshots of outreach messages from marketing agencies offering paid ZEC collaborations. “Wonder why ZCash is showing up EVERYwhere all of a sudden?” hethat recent excitement around ZEC looks like an attempt to “find exit liquidity,” pointing to fabricated headlines claiming that Fidelity analysts predicted Zcash reaching $100,000. Nevertheless, not everyone is skeptical of Zcash’s recent resurgence. The Winklevoss twins, founders of Gemini and early Bitcoin investors, recently In an interview with Cointelegraph, they described Zcash as “encrypted Bitcoin”, arguing that Bitcoin is best for storing value while Zcash excels in private transactions. They view Zcash as complementary, not competitive.Price predictions 11/21: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, ZEC, BCH
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