Arthur Hayes, a well-known figure in the cryptocurrency industry and co-founder of BitMEX and CIO of Maelstrom Fund, offered insightful assessments of Zcash (ZEC). Hayes stated that Zcash could reach 10% to 20% of Bitcoin's value in the current market cycle. Speaking during an interview, Hayes described Zcash as “Bitcoin with full privacy,” saying: “I don't think Zcash will surpass Bitcoin in value, but if you believe in the technical advancements and the cryptography used, it's nice to have a Bitcoin that offers complete privacy. That's why I'm holding onto Zcash quite a bit.” Related News: Forecasts Now Vary Widely as the Odds Shift for the Fed's December Interest Rate Decision - Here Are the Latest Data Let us also remind you that Hayes was previously punished by the US for market manipulation and was subsequently pardoned by Donald Trump. Hayes's comments come amid renewed interest in privacy-focused crypto assets. Zcash, known for its ability to obscure user transactions with its Zero-Knowledge Proof (ZKP) technology, has long been touted as one of the industry's strongest privacy projects. According to market data, the price of ZEC has risen 7.35% in the last 24 hours to $514.09. However, the asset is still 91% off its all-time high of $5,941.80 recorded on October 29, 2016. *This is not investment advice. Continue Reading: Another Controversial Statement from Arthur Hayes: “This Altcoin Could Reach Up to 20 Percent of Bitcoin’s Market Value”
