Analyst: If Bitcoin L1 achieves native privacy transactions, it may impact privacy coins like ZEC

CryptoQuant analyst Darkfost stated that a recent paper explored the possibility of implementing privacy transactions on Bitcoin, characterized by the ability to achieve this directly on Bitcoin L1 without the need for a soft fork, making privacy transactions a native feature.

Darkfost mentioned that he is not a developer and lacks the relevant technical background, but this idea is quite appealing. He believes it could be an important direction for Bitcoin's evolution according to Satoshi Nakamoto's original vision, while potentially diminishing the appeal of privacy projects like Zcash and Monero.