Predictions for Zcash To Hit Over $60K By 2025
According to a new investment thesis published by Grayscale Investments, the value of Zcash (ZEC) could reach more than $ 62,000 by 2025, assuming that the currency will represent 10% of all extraterritorial wealth at that time.
The report, written by financial analyst Matthew Beck, contains a capital liability warning in a footnote under the box indicating that prices are “PURE HYPOTHETICAL”, as well as:
“NO REPRESENTATION SHALL BE OF ANY RESULT OR MAY REACH SIMILAR PRICES TO THOSE INDICATED.”
Zcash is an anonymity-based digital currency that uses zero-knowledge tests to verify the validity of a transaction without revealing its content, giving it the appeal of a “Swiss bank account in your pocket”, such as the said Grayscale.
Grayscale Investment specifically manages investments in digital assets, overseeing the Bitcoin (BTC) and Ethereum Classic (ETC) funds, the latest addition to its portfolio in April 2017.
The Company’s high assessment of ZEC’s growth potential is due to its similarity to BTC and ETC in combination with its confidentiality and value storage properties.
Grayscale’s investment thesis concludes that while it is difficult to distinguish which digital assets are “truly revolutionary”,
“We have come to believe that ZEC is the next generation of an invertible digital asset class, complementing BTC and ETC, and developing a new dynamic asset class.”
In the spring of 2017, Zcash joined the Jaxx multi-currency cryptographic portfolio, and in the fall, Zcash joined Bithumb, based in South Korea, despite stringent cryptography regulations in the country.
Edward Snowden, NSA privacy and whistleblower, tweeted in September 2017 that Zcash was “the most interesting bitcoin alternative”.