At a time when interest in privacy-focused assets is reigniting in the cryptocurrency markets, Cypherpunk Investment Manager Will McEvoy painted a very optimistic picture for Zcash ($ZEC).
Speaking on Jennifer Sanasie’s show, McEvoy assessed Zcash’s potential in the current market conditions.
McEvoy stated that with the increase in digital surveillance and restrictions on financial privacy worldwide, users will turn to technologies like Zcash to protect themselves. According to McEvoy, Zcash’s “Zero-Knowledge Proofs” technology is the most fundamental element that distinguishes the project from other cryptocurrencies.
During the program, McEvoy discussed Zcash’s price movements, stating that considering the asset’s past performance and the technological infrastructure it offers, the $4000 level is not unattainable in the long term. He added that the main drivers of this rise would be institutional adoption and individual users’ pursuit of privacy.
At the time of writing, $ZEC is trading around $220.
It was also noted that Consensus 2026, one of the biggest events in the crypto world, will take place in Miami from May 5-7. The event is expected to comprehensively address the future of digital assets and privacy technologies.
*This is not investment advice.