DCG founder: In the coming years, 5% - 10% of Bitcoin funds will flow into privacy tokens represented by Zcash

According to The Block, Barry Silbert, founder and CEO of the American blockchain investment group Digital Currency Group (DCG), stated that in the coming years, 5% - 10% of Bitcoin funds will flow into privacy cryptocurrencies represented by Zcash.

Silbert mentioned at the New York Bitcoin Investors Roundtable that while he is optimistic about Bitcoin as a core part of a diversified portfolio, he prefers to invest in transformative projects that have the potential for 100 to 1000 times returns. He believes that projects like Zcash and Bittenser could achieve 500 times growth. Silbert pointed out that the narrative of Bitcoin being seen as "anonymous cash" is no longer valid in the era of blockchain analytics companies like Chainalysis and Elliptic, and he is skeptical about Bitcoin's ability to achieve any privacy features. Notably, Grayscale, a subsidiary of DCG, offers a Zcash trust fund and is seeking to convert it into an ETF.