Arthur Hayes: The market capitalization of privacy coins like Zcash should only be behind Bitcoin and Ethereum

BitMEX co-founder Arthur Hayes expressed optimism about privacy coins in his latest article, specifically mentioning Zcash (ZEC). He believes that, due to the combined effects of artificial intelligence, large tech companies, and governments, internet privacy has nearly disappeared, and privacy coins using zero-knowledge proof technology are the last line of defense for protecting human privacy. Hayes pointed out that privacy coins will become a key tool in resisting the oppression of technology, governments, and AI giants, possessing long-term value.

He further stated that Zcash or similar privacy coins should occupy a more significant position in the market, with a market capitalization only behind Bitcoin and Ethereum. Hayes believes that the privacy narrative will drive the crypto market for years and may lead to a sustained price increase for privacy coins like Zcash in the future.