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.
Tomorrow on The Morning Motion.
I’m giving the Gemini interns one hour to build a startup from scratch.
Then they have to pitch me like their future at Gemini depends on it... because it just might.
INTERN TANK tomorrow at @ 9AM on @Gemini
Bitcoin below $70K?
Sounds like a great time to earn cashback in $BTC.
One of my favorite things about the @Gemini Credit Card is watching everyday purchases turn into more sats.
Who's stacking right now?
When I first met @ethanrthornton over a year ago, I knew he was building something critical for America - and that he was exactly the right person to do it. Couldn't be more proud to back @Mach_Industries again, this time in their Series C through @winklevosscap.
25,000 new users. $500M in added assets powered by automation.
Big milestone for @tryarchpublic and a strong signal of where investor demand is heading.
Congrats to @AP_Abacus and the entire team. Excited to keep building together! @Gemini 🚀
https://t.co/rmo55862jm
AI agents can now start real businesses.
@Meow lets your AI agent form a company, get an EIN, open a bank account, issue cards, and move money in a single prompt.
Works with Claude, Cursor, ChatGPT, Gemini, and more.
The first end-to-end company builder for agents.
Huge milestone. Bitcoin perpetual contracts are coming to America. First ever was just approved. These contracts represent the lion's share (80-90%) of the global bitcoin trading volume. @Gemini will be listing bitcoin perps soon. Buckle up! 🇺🇸🚀
In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.
This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.