Zcash’s Meteoric Rise Threatens to Steal Bitcoin’s Thunder—Analysts Sound Alarm
Privacy coin Zcash is surging—and Wall Street's watching. Bloomberg analysts warn its explosive growth could siphon momentum from Bitcoin just as the king crypto fights for dominance.
Here's why the underdog's rally spells trouble...
While Bitcoin grapples with regulatory headwinds, Zcash's privacy features are attracting institutional interest. 'When altcoins run hot, liquidity fragments,' notes one trader. 'It's a zero-sum game—and Bitcoin's the one left holding the bag.'
The irony? Wall Street's suddenly keen on privacy coins—the same assets they dismissed as 'dark web toys' three years ago. Guess compliance only matters when profits are at stake.
Bloomberg ETF analyst Eric Balchunas says that the recent explosion in enthusiasm for Zcash has "third-party candidate vibes" and risks splitting support away from bitcoin at a crucial moment. pic.twitter.com/jivaDYn7wl
— CoinMarketCap (@CoinMarketCap) November 24, 2025
In a recent post on X, Balchunas compared the Zcash movement to the emergence of a, which is a force that doesn’t win outright but.
He argued that promoting another privacy-focused cryptocurrency during a pivotal moment for Bitcoin’s cultural and political consolidation risks.
Industry Figures Push Back on Claims of a Shift Toward Zcash
Balchunas’s comments arrive amid intensifying debate over whether Zcash is gaining meaningful traction at Bitcoin’s expense.
Arman Megherian, founder and CEO of Timestamp, dismissed the idea that Bitcoin supporters are migrating to Zcash. Similarly, JAN3 CEO Samson Mow rejected suggestions that Zcash is experiencing an organic wave of adoption, noting that some in the industry suspect the surge in attention may be.
Concerns intensified after venture capitalist Mark Moss released an image showing that a marketing agency had approached him with a, fueling speculation that promotional efforts may be coordinated.
Adding to skepticism, market analyst Rajat Soni argued that the recent HYPE around ZEC appears more like an attempt by major holders torather than evidence of genuine demand.
Despite the noise, Zcash continues to draw elevated visibility across social platforms and crypto communities, heightening the debate over whether its resurgence is temporary marketing turbulence or a meaningful shift in investor behavior.
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