Zcash spikes 30% after Multicoin managing partner says firm bought the token, calls it protection against wealth taxes | Fortune
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Zcash spikes 30% after Multicoin managing partner says firm bought the token, calls it protection against wealth taxes | Fortune
"Zcash is a return to the cypherpunk ideals crypto was founded on. California's proposed wealth seizures are a warning. As the political trend to seize private wealth continues to grow, people and institutions will increasingly seek private assets to protect themselves."
"Multicoin believes demand will grow for truly private, censorship and seizure resistant assets, and ZEC is the cleanest way to express this thesis in public markets."
"Zcash allows users to encrypt the blockchain addresses of a given transaction's sender and receiver, as well as the transaction amount, thus making transactions private."
"In late 2025, a number of crypto influencers began promoting ZEC as an important supplement to Bitcoin and other public blockchains, leading to a significant price spike."
ZEC, the token of the Zcash network, increased by over 30% following Multicoin Capital's investment. Tushar Jain emphasized Zcash's alignment with cypherpunk ideals and the growing demand for private assets due to political trends. Zcash, launched in 2016, faced challenges but is now gaining attention from crypto influencers as a vital alternative to public blockchains. The network uses zero-knowledge proofs to ensure transaction privacy. ZEC's price rose dramatically from $50 to over $700 in late 2025, reflecting this renewed interest.
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