Multicoin Capital has been building a large position in Zcash since February, believing that the demand for privacy assets will accelerate.

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BlockBeats News, May 6 — Tushar Jain, co-founder of Multicoin Capital, posted on social media revealing that since February of this year, they have been heavily accumulating privacy coin Zcash.

Multicoin Capital pointed out that Zcash has returned to the “cypherpunk” ideals on which cryptocurrency was founded. California’s proposed asset forfeiture bill is a warning sign. As the trend of seizing private wealth through political means continues to grow, individuals and institutions will increasingly seek private assets that can protect their interests.

Furthermore, although Bitcoin is resistant to censorship and no one can freeze or prevent its use, this does not stop governments from seizing known holdings through wealth taxes. Therefore, assets that truly possess privacy, censorship resistance, and seizure resistance, with clear product-market fit, are experiencing rapidly growing demand.

In their view, ZEC is the most direct target to express this investment theme in the open market.

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