DCG Founder: In the next few years, 5%-10% of Bitcoin funds will flow into privacy tokens represented by Zcash.

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Deep Tide TechFlow News, February 12 — According to The Block, Barry Silbert, founder and CEO of the U.S. blockchain investment group Digital Currency Group (DCG), stated that in the coming years, 5% to 10% of Bitcoin funds will flow into privacy cryptocurrencies represented by Zcash.

Silbert said at the New York Bitcoin Investors Week conference that while he views Bitcoin as a core part of a diversified investment portfolio, he prefers to invest in transformative projects with 100 to 1,000 times returns. He believes projects like Zcash and Bittenser could achieve 500-fold growth.

Silbert pointed out that the early narrative of Bitcoin as “anonymous cash” is no longer valid in the era of blockchain analysis companies like Chainalysis and Elliptic, and he doubts whether Bitcoin can achieve any privacy features. Notably, DCG’s Grayscale offers a Zcash trust fund and is seeking to convert it into an ETF.

BTC1,41%
ZEC7,26%
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