DCG Founder Barry Silbert: In the future, 5%–10% of Bitcoin may flow into privacy-focused cryptocurrencies

robot
Abstract generation in progress

Odaily Planet Daily News: Digital Currency Group (DCG) founder and CEO Barry Silbert stated that as market demand for financial privacy increases, it is expected that 5% to 10% of Bitcoin funds will flow into privacy-focused cryptocurrencies such as Zcash in the coming years.

Silbert pointed out at the Bitcoin Investor Week event in New York that financial privacy is not only a fundamental right but could also become the next area with asymmetric return potential in the crypto industry. He believes that Bitcoin remains a core component of asset allocation, but given the current market size, privacy-focused projects may have greater growth potential.

He also mentioned that with the development of on-chain analysis tools like Chainalysis and Elliptic, the early narrative of Bitcoin as “anonymous cash” is no longer valid, yet market demand for digital currencies that can be used while maintaining privacy still exists. Silbert’s current investment portfolio has accordingly increased allocations to privacy and related emerging sectors.

BTC0,33%
ZEC1,54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)