.
@mert makes the case that
$ZEC hitting just 10% of Bitcoin's market cap sends the price to $4,000
"People like to say Zcash a good comparable or a good target is 10% of Bitcoin. Currently it's nowhere near that.
@Zcash is smaller than
$Doge, smaller than
$Tron, smaller than pretty much anything in the top ten. I think that 10% is a very conservative target"
"Why would you not want your Bitcoin to be private? What do you gain by simply not having the option to shield your funds? It's strictly inferior, technologically speaking. If a coin has history then it's not fungible. It can be frozen, see the Canadian truckers, or you can just surveil where it goes forever"
"Currently it's at about a 6 to 7 billion market cap, around 450 in price. Bitcoin's at 1.5 trillion. So 10% for Zcash would be about 70 billion, which would mean around 4,000. If you look at the market cap of what's above it and how small it is, I think it's pretty undervalued"
Podcast out tomorrow!
@Helius