
Zcash's near-3,000% rally draws Bitcoin millionaires
- —Zcash is up nearly 3,000%, attracting large Bitcoin fortunes
- —ZEC uses zk-SNARKs to shield transaction details
- —ZEC has a 21 million supply cap, mirroring Bitcoin
- —ZEC ETFs drew capital as Bitcoin funds lost $635 million
Why it matters: Large Bitcoin capital rotating into ZEC strengthens the privacy narrative, though regulatory restrictions and high volatility remain key risks.
Source: CriptoTendencias