Arthur Hayes has a brand new favourite coin — and it’s not Bitcoin. The veteran crypto investor not too long ago revealed that Zcash has change into certainly one of his largest crypto holdings exterior of Bitcoin, a disclosure that has drawn contemporary consideration to a cryptocurrency that many had written off.
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Hayes stated that as synthetic intelligence, governments, and main tech companies acquire extra capability to investigate public blockchain information, the demand for monetary privateness will rise. Zcash, based on him, is designed for precisely that.
His view is just not an remoted one. Barry Silbert, a recognized persona within the crypto funding circles, described Zcash as resembling Bitcoin throughout its infancy — particularly round 2013, when BTC was nonetheless a fringe asset earlier than its first main wave of mainstream adoption.
That comparability has resonated with a bunch of early Bitcoin aficionados who really feel the unique crypto has drifted from its roots.
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“Shielded Zcash helps you to swap and ship any coin, USDT on Tron, Bitcoin, something, and that transaction won’t level again to you. Fully… https://t.co/AOWKNsDRbc pic.twitter.com/tytoAgM5q0
— Laura Shin (@laurashin) Could 12, 2026
What Is Driving The Renewed Curiosity?
Based mostly on a Wall Avenue Journal report, a great variety of longtime Bitcoin holders who had been current throughout a 2026 Las Vegas digital foreign money convention expressed dismay with how traceable and institutionalized Bitcoin has change into.
Authorities companies, exchange-traded fund issuers, and blockchain surveillance companies can now monitor on-chain transactions with growing precision. For some buyers, that degree of transparency is an issue.
Zcash was constructed to unravel it. Launched in 2016 by cryptographer Zooko Wilcox alongside researchers from Johns Hopkins and MIT, the coin makes use of a expertise known as zk-SNARKs that permits customers to defend pockets addresses, transaction quantities, and switch particulars.
In contrast to Bitcoin, the place all transaction information is public by default, Zcash offers customers the choice to transact privately whereas nonetheless permitting for transparency when wanted.
Strengthening Demand
The renewed curiosity has proven up out there. For the reason that begin of Could 2026, ZEC climbed from round $380 to a excessive close to $615 earlier than pulling again.
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The coin has gained greater than 30% this month alone and is up almost 50% over the previous 30 days, considerably outpacing Bitcoin throughout the identical stretch. On the time of writing, ZEC is buying and selling beneath $520 after a 5.50% drop within the final 24 hours.
Institutional help is current. Grayscale Investments continues to supply publicity to Zcash by means of its funding merchandise. But the coin nonetheless carries a big threat that no quantity of movie star endorsement can eradicate.
Featured picture from Pexels, chart from TradingView
