'$1 Million Bitcoin' Advocate Samson Mow Takes Aim at Zcash's 1,000% Year-to-Date Surge
- —Mow says Zcash's $22 billion valuation is inflated and lacks enough speculative capital to sustain it
- —ZEC is up 1,077% over 12 months but has pulled back from a peak of $1,600 to $1,300
- —Grayscale's spot ZEC ETF drew $306 million but logged its first major outflow of $93 million
- —JAN3's OMEGA60 model projects Bitcoin reaching $1 million around 2028–2033
Why it matters: The debate over whether Zcash is overextended will determine if ZEC holds the $1,280–$1,330 range or faces a major correction.
Source: U.Today