Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Zcash Forum => Topic started by: Domithra on February 06, 2018, 06:28:46 PM
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According to a new investment thesis released by Grayscale Investments, the value of Zcash (ZEC) could reach over $62,000 by 2025, assuming that the coin will represent 10 percent of all offshore wealth by that point. Zcash is an anonymity-focused digital currency that uses zero-knowledge proofs to verify the validity of a transaction without revealing its contents, giving it appeal as a “Swiss bank account in [your] pocket.”, as Grayscale phrases it.
Grayscale Investment specifically manages investments in digital assets, overseeing both Bitcoin (BTC) and Ethereum Classic (ETC) funds, the latter added to their portfolio in April 2017.
The company’s high assessment of ZEC’s potential for growth is due to its similarity to BTC and ETC in combination with its privacy and store-of-value properties.
Grayscale’s investment thesis concludes that while it is hard to pick out which digital assets are “truly revolutionary”,
“We have come to believe that ZEC marks the next generation in a class of investable digital assets, complementing BTC and ETC, and broadening a new dynamic asset class.”
In the spring of 2017, Zcash was added to a the crypto multi-currency wallet Jaxx and in the fall, Zcash was added to South Korean-based Bithumb, in spite of tightening regulations on crypto in the country.
Edward Snowden, privacy advocate and NSA whistleblower, tweeted in September 2017 that Zcash was “the most interesting Bitcoin alternative.”
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I won't be suprise to see Zcash soaring to historic heights. the coin refuses to depreciate, even in a general depreciation
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Was on list for long time and in this sundaymorning dip bought 2 of them!
$ 62K would be nice.....
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It has the potential to hit that price
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This price is achievable as a result of the fact that 10% of offshore accounts will be in Zcash? Sounds good, of course, but so far this is only a guess, albeit pleasant for all holders of Zcash.
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Pretty crazy speculative numbers.. I'm not going to say it can't happen but you're gonna have to see a crazy exponential growth in the entire market cap close to 3-4 trillion before I'd say this was possible... which it certainly could do.. but its going to be a while.
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Pretty crazy speculative numbers.. I'm not going to say it can't happen but you're gonna have to see a crazy exponential growth in the entire market cap close to 3-4 trillion before I'd say this was possible... which it certainly could do.. but its going to be a while.
Pretty crazy speculative numbers
Exactly what i said to myself after reading the news. Anyway, the old principle still holds - everything is possible under the sun. For such a long term (2025) goal, it is quite feasible. You could tell that Bitcoin would rise from $3k to $20K last year? Such are some of the high leaps some potential coins can take within the crypto market. All the same, let's live to see what 2025 has for Zcash.