Zcash Hits New YTD High As Multicoin Discloses ZEC Bet

AI Briefing

• – Zcash (ZEC) hits new YTD high of $590 after rallying over 80% in six days
• – Multicoin Capital co-founder Tushar Jain discloses significant ZEC bet, framing it as a bet on renewed demand for private assets
• – Jain argues that ZEC represents a return to the original privacy-oriented ideals of crypto, citing concerns around wealth taxes and asset seizure