An analyst at the investment firm behind Bitcoin Investment Trust predicts that the price of Zcash could reach $63,000 by 2025 if investors start using it to replace traditional offshore banking services.
Investment that offers the opportunity to invest in cryptocurrencies firm Grayscale Investments published the investment thesis for Zcash Trust, the newest fund in crypto-based investment products, last week.
Grayscale analyst Matthew Back, in his 20-page thesis, stated that Grayscale’s “first globally accessible fund”
Beck also stated that the offshore banking sector has declined in recent years due to tax evasion and increased competition.. He writes that Zcash has the potential to expand this opportunity to everyone, as well as fill the vacuum created by the declining offshore banking sector.
Even if it takes 1 percent of the wealth held offshore, it could increase by 1500 percent
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Beck’s calculations could increase significantly if Zcash captures even a small percentage of the wealth held in offshore accounts. should increase to $6300. If Zcash manages to capture 10 percent of the offshore wealth, it could go up to $63k.
But Zcash also has a formidable competitor like Monero.
On the other hand, Bulletproofs and Lightning The expected innovations in the Bitcoin network, such as the Network, can increase the privacy of Bitcoin transactions and reduce the demand for privacy-oriented altcoins.