Incredibly astute analysis and a must read
That all true unless you invert the interpretation. What if Zcash is a good SoV & it’s “wedge” against Bitcoin is privacy, quantum resistance, formal verification, some tachyon scaling, & general lack of ossification. Zcash given the decade of humiliation running its own PoW chain also has the closest origin story to Bitcoin’s immaculate conception as you could get. In this environment as quantum gets closer and closer & government overreach only extends - Zcash can finally get monetary lindy.
^^ in this framework, privacy is important to why Zcash rallied but it’s not the entire reason. For a handful of other equally relevant reasons, Zcash is ascendant
With this perspective you can rewrite your original claim from “Zcash is riding a privacy meta” to “Zcash is so ascendant, a privacy meta is tailing it”
^^ I find this framing useful because it actually explains a lot. Railgun, Tornado cash, and other mixing/programmable privacy pools are doing well - but it’s not like their price action is market leading. Other private networks like Zama and Nillion are getting a bid, but again it’s not mind blowing. Finally the closest comp to Zcash, Monero, is doing really well - but it’s being notably out traded by Zcash
So if you believe we’re in a SoV meta (like I do) then you buy Zcash and maybe some Pearl, then you mostly ignore all the privacy projects because they don’t have attractive money like properties. **Take note that so far this has been the winning strategy, I believe the market is confirming my perspective
If you believe we’re in a privacy meta (which you could say, but it’s really secondary imo) then you’d buy Zcash, some Railgun, and some other privacy tech assets. **but please take note that this has been underperforming (unless you cherry pick sub 200mil small caps that can reprice aggressively with little real flows)
9
832
ً retweeted
I'm really excited about BitCoin. It BitCoin itself doesn't turn out to be one of the best inventions ever, then its successor will be.
Zingularity
Stay shielded
🤖 Made with AI
In price discovery mode, the smartest thing for market makers to do is remove sell-side liquidity
Violently repricing ZEC and re-quoting at 2.5%-5% of BTC is the way
THE CRAZY ASYMMETRY ON $ZEC SPOT VS. FUTURES!
Look at the flow sheets right now this is a textbook derivatives squeeze setup
Futures (1-Hour): Massive +$7.17M Net Inflow (+659% change) with $68M in turnover.
Spot (1-Hour): -$1.71M Net Outflow, confirming tokens are still draining off active exchange books.
The Fresh 5M Pulse: Futures just swallowed another +$2.10M in 5 minutes.
Trend is aggressively bullish, but keep stops tight high-leverage runs always feature sharp shakeouts!
ً retweeted
Grayscale TWAPing $ZEC under 100 but you won’t end up buying until it’s over $500. It’s nature!
A momentous day
The Zcash ETF
ZCash gets an ETF before your favorite shitcoin. Ask yourself, how did this happen? The wealthy like their privacy, and $ZEC is the knight.
“Grayscale has publicly committed the firm’s intent to convert GBTC as well as its other 14 investment products into ETFs.”
