Bloomberg Senior ETF Expert Eric Balchunas warns that Zcash can negatively affect Bitcoin during this pivotal moment.
A recent post on X, Balchunas said Zcash (ZEC” “third-party candidate vibes, like Gary Johnson or Jill Stein,” Those who argue that the privacy risks associated with a coin of a different denomination are greater than those who do not. “splitting the vote” Bitcoins (BTC( ) requires a united political and cultural backing.
Balchunas comments comes at the same time as Bitcoin vs Zcash debate intensifies. Arman Meguerian is the founder and CEO at Timestamp. He dismissed any notion that BTC users are switching to Zcash. “I don’t know a single Bitcoin maxi that thinks about Zcash at all,” He wrote On X.
Samson Mow, founder of Jan3, echoed Bitcoin maxis is a sentiment that has been expressed by many. “only looking at Zcash to roll our eyes at it.”
Related: The Bitcoin vs Zcash debate intensifies as ZEC reclaims $700 level
Zcash is accused by critics of creating hype
Other industry figures accused Zcash proponents of creating hype.
Mark Moss, an experienced entrepreneur and venture capitalist with a focus on Bitcoin, posted recent screenshots of messages offered by marketing firms offering ZEC paid collaborations. “Wonder why ZCash is showing up EVERYwhere all of a sudden?” He asked.
Rajat Soni, a Market Analyst warned The recent buzz around ZEC is a clear attempt to gain attention. “find exit liquidity,” Fidelity analyst’s predictions that Zcash would reach $100,000 were fabricated.
Related: Winklevoss twins bet on Zcash, privacy to combat AI threat
Winklevoss twins back Zcash
Not everyone, however, is doubtful of Zcash’s recent revival. Winklevoss brothers, Gemini founders and early Bitcoin backers, were recently criticized for their recent resurgence. launched Cypherpunk TechThe first Zcash focused treasury firm.
Zcash was described as a cryptocurrency in an exclusive interview by Cointelegraph. “encrypted Bitcoin”Zcash, they say, is better for private transactions. Bitcoin has the advantage of storing more value. Zcash is seen as complementary and not as a competitor.
Magazine: 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more
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Source: cointelegraph.com
