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DCG: Bitcoin confirms demand worth trillions of USD, Zcash has a predictive advantage
Barry Silbert believes that in 2015 the market did not recognize the $2 trillion global demand for decentralized store-of-value tools like Bitcoin.
The founder of Digital Currency Group, the parent company of Grayscale, made this statement on X on May 3rd. He said that at that time, most of the market believed that Bitcoin was private enough to serve as a store-of-value tool and facilitate global value transfer.
Silbert also believes that as market awareness of privacy needs increases, privacy coins like Zcash could benefit from this “long-term advantage.”
He did not provide further details on when or how the market will reprice this asset class. There have also been no additional comments from Grayscale regarding this statement.
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