🚨 VANECK: BITCOIN MAXIS ARE LOOKING AT ZCASH $ZEC.
VanEck CEO said quantum threats and traceability concerns have Bitcoin OGs exploring $ZEC for its much stronger privacy.
In the dying breaths of this cycle it doesn't so much matter what $ZEC goes to in $USD terms from here; enough good work has already been done there. It does matter, however, at the next bottom where $ZECBTC & $ZECUSD consolidates. Over the last couple months, the work it's done in $ZECBTC terms is most notable to me.
Put another way, this late cycle price action from $ZEC is not all that unique in $USD terms, but it is unique in $BTC terms. At the same time, you have to always respect that, for now, $BTC sets the entire mood of the cryptoasset market on a medium-to-long term time frame. You can escape $BTC's mood-setting for a time, but likely not for long.
Before new-age trolls claim something about me and $ZEC that's untrue, I've been watching, learning & supporting this one since launch in 2016, you can check the X receipts.
LATEST: ⚡ Nasdaq-listed Leap Therapeutics is rebranding to Cypherpunk Technologies and becoming a Zcash treasury company backed by the Winklevoss Twins, with the goal of scooping up at least 5% of all ZEC.
Today we launched Cypherpunk (@cypherpunktech), a company dedicated to privacy and self-sovereignty.
As the world becomes increasingly digitized, privacy has become a rare and precious commodity. Despite this, privacy enhancing technologies remain under-adopted. Backing privacy today is both a generational mission and a massive opportunity.
Privacy is the foundation that allows freedom of speech, thought, and association to thrive. Without it, these freedoms exist only on paper and can’t be exercised in practice in a meaningful way. In other words, privacy is the silent precondition of freedom.
In a world where privacy ceases to exist, it becomes the most valuable commodity.
This dynamic has captured our attention.
For the immediate future, we are directing our focus to Zcash ($ZEC). Zcash is the embodiment of privacy. It’s privacy in digital form.
We have already accumulated 203,775 ZEC at an average price of ~$245 per coin, representing ~1.25% of the current ZEC supply. We plan to continue accumulating ZEC rapidly so that Cypherpunk owns at least 5% of the total ZEC supply, while supporting development of Zcash and its ecosystem so privacy and self-sovereignty flourish.
Onward.
Privacy is the precondition for many of our freedoms. It’s the point at which government and corporate reach end and our individual freedoms and self-sovereignty begin. As our lives have moved online, privacy’s become a rare, vanishing commodity.
That’s why we founded Cypherpunk (@cypherpunktech) — a company dedicated to privacy and self-sovereignty. We will execute on our mission by accumulating, building, and supporting privacy-protecting assets and technologies at a time when the world needs them more than ever.
To that end, Cypherpunk — Ticker: $LPTX (today), $CYPH (tomorrow) — was launched with a $50 million+ investment from @winklevosscap to begin accumulating Zcash ($ZEC) at what we believe to be a significant discount to Zcash’s true long-term value. Cypherpunk currently holds 203,775 ZEC purchased at an average price of ~$245 per coin, representing ~1.25% of the current ZEC supply. We plan to continue accumulating ZEC rapidly so that Cypherpunk owns at least 5% of the total ZEC supply.
Since Zcash’s launch 9 years ago, we’ve observed its highly symbiotic relationship with bitcoin. Zcash is a fork of Bitcoin and shares identical tokenomics — both have a fixed total supply of 21 million coins. If bitcoin is digital gold, Zcash is encrypted bitcoin, or digital cash. One is your store of value, the other is how you privately move your value. We’ve been tracking this symbiosis for years and believe that now — as we enter the age of AI — is the right time to begin accumulating ZEC.
We feel strongly that Zcash could become a meaningful percentage of Bitcoin’s market capitalization — just on the merits of it being a privacy hedge or insurance policy to Bitcoin’s transparency alone. We believe bitcoin will continue to ascend to $1,000,000 per coin over the next 5-10 years. We also believe Zcash will appreciate significantly from here as well. These coins go hand in hand.
Over the next few weeks, we’ll continue to lay out our thesis. In the meantime, we’re excited to have you join us as we stack zats and invest in other technologies that promote privacy and self-sovereignty. Let us proceed together apace.
Onward.