01 Feb Crypto Fund Predicts Zcash To Hit Over $62K By 2025
Grayscale Investments has released a report predicting that Zcash will reach over $62,000 per coin by 2025, assuming that by then the cryptocurrency will account for 10% of offshore wealth
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.
The report, written by financial analyst Matthew Beck, contains an all-caps disclaimer in a footnote below the chart that states the prices are “PURELY HYPOTHETICAL”, as well as that:
“NO REPRESENTATION IS BEING MADE THAT ANY RESULTS WILL OR ARE LIKELY TO ACHIEVE PRICES SIMILAR TO THOSE SHOWN.”
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.
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.”