Bankless · Friday, September 25, 2026
Zcash (ZEC) has reached a nearly 10-year high in price, with its market cap soaring to over $26 billion in less than a year. This significant growth positions Zcash as a potential competitor in the store-of-value category, traditionally dominated by Bitcoin. The influx of capital into Zcash is attributed to Bitcoiners rotating funds, with figures like the Winklevoss twins and Barry Silbert showing interest. This trend suggests a potential shift in investor preference towards privacy-focused digital assets.
“Now we are at a market cap of, we exceeded $26 billion last week. And this has been an insane... over performer, even during the bear market and certainly in the early bull market.”
“It's catching the Bitcoin bid trophy. It's not ETH money. It's not Solana money because those assets aren't big enough. It's Bitcoiners shaving off like 1% of their market cap.”
“But the reason it's meaningful, I think, is because this is a true... competitor maybe to Bitcoin.”