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Bitcoin 1st, Zcash 2nd: Arthur Hayes’ Surprising Portfolio Move

Arthur Hayes, co-founder of BitMEX, has revealed that Zcash (ZEC) is now the second-largest liquid holding in his household workplace, Maelstrom, trailing solely Bitcoin. According to his submit on X, the shift follows a speedy run-up in ZEC’s market worth that has moved the coin again into the dialog amongst massive buyers.

Hayes Names Zcash Second Biggest Asset

Based on experiences, Zcash has risen dramatically since September, gaining greater than 700% over that span and hitting intraday highs above $700 earlier this month.

That surge pushed ZEC again into the highest 20 cash by market capitalization, with a number of shops putting its market cap within the roughly $9 billion to $11 billion vary as buying and selling volumes spiked.

The value strikes are being linked to renewed curiosity in privateness options and a wave of retail and speculative flows.

Bold Targets Spark Attention

Reports have famous that Hayes has floated an aggressive long-term goal for ZEC — $10,000 — a determine that grabbed headlines and helped gasoline additional shopping for.

He described ZEC as Maelstrom’s second-largest liquid holding, although he stopped wanting itemizing the precise greenback quantity or the share of the portfolio represented.

That element has left observers guessing about how massive a stake Maelstrom truly holds.

in a Friday submit on X, Hayes wrote:

“Due to the speedy ascent in value, ZEC is now the second largest *LIQUID* holding in MaelstromFund portfolio behind BTC.”

Privacy Coins Draw Renewed Attention

Analysts and market commentaries say the rally has put a highlight again on privateness cash, with Zcash’s shielded-transaction choices usually cited as a core technical function behind the token’s narrative.

At the identical time, privacy tokens carry an additional layer of regulatory threat in some jurisdictions, and a few exchanges or companies have previously tightened entry to such belongings. That mixture of promise and warning is a part of why ZEC’s bounce is drawing shut scrutiny.

Supply Events And On-Chain Activity

Traders can be watching a number of concrete issues: on-chain metrics for shielded versus clear transfers, change flows and whether or not massive holders transfer cash, and the impact of a scheduled Zcash provide change anticipated in mid-November that may minimize miner rewards — an occasion some merchants say may tighten accessible provide.

Volatility has been excessive; in the future’s achieve might be adopted by sharp losses, and liquidity can ebb when costs transfer rapidly.

This disclosure from a high-profile investor places Zcash again within the headlines and will draw extra capital into privateness tokens.

Featured picture from Pexels, chart from TradingView

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