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Zcash surges 27%: Entrepreneur Balaji Srinivasan supports ZEC as a shield for privacy protection

TokenSherpa
[Coin World] Entrepreneur Naval Ravikant positions Zcash (ZEC) as a privacy shield against surveillance, in stark contrast to the role of Bitcoin as a hedging tool against fiat currency, reigniting interest in Zcash. Following his endorsement, ZEC surged over 27% to around $94, marking its highest price in over a year, yet still 70% lower than its peak of $320. Given that 20% of Zcash's supply has been encrypted, and the halving event has reduced the new issuance, Ravikant views Zcash as a strategic hedging tool in the context of increasingly stringent capital controls and on-chain surveillance.
ZEC6.86%
BTC-6.43%
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