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Multicoin Capital: Has been heavily invested in ZEC since February, with a long-term positive outlook on the privacy sector
BlockBeats News, May 6 — Tushar Jain, co-founder and managing partner of Multicoin Capital, posted on social media that the firm has established a heavy position in privacy coin Zcash (ZEC) since February of this year, indicating a long-term bullish outlook on the privacy-focused crypto asset sector.
Multicoin Capital believes that Zcash represents a return to the original “cypherpunk” philosophy of the crypto industry. The demand for asset privacy protection from individuals and institutions is continuously increasing. Although Bitcoin has censorship-resistant features, it still cannot fully avoid risks of taxation or confiscation targeting known holdings. Multicoin believes that assets with privacy, censorship resistance, and confiscation resistance capabilities are meeting clear demand, and ZEC is currently the best choice in the public market to express this investment logic.