Grayscale Predicts 18x Upside For Zcash If This Happens

Grayscale is making a case for Zcash as the most credible challenger to Bitcoin’s dominance in the digital currency segment, arguing that a relatively small shift in market share could translate into outsized upside for the privacy-focused asset. In a March 18 research note, Zach Pandl, Grayscale’s Head of Research, frames the opportunity in stark terms. Bitcoin still accounts for roughly 90% of the “Currencies Crypto Sector,” a segment the firm estimates at $1.6 trillion across fifteen assets. Zcash, by comparison, represents just a fraction of that total. But Pandl suggests that the gap may not be structural. Related Reading: Zcash Is Crypto’s Most Mispriced Asset, Cypherpunk CIO Says “Bitcoin was the first decentralized digital currency and is still by far the largest as measured by market capitalization,” he writes. “But there are other blockchains with a ‘digital currency’ use case.” Within that competitive set, Grayscale sees Zcash as uniquely positioned to gain ground over time.