DCG founder Barry Silbert: In the future, 5% to 10% of Bitcoin may flow into privacy-focused crypto assets

Digital Currency Group (DCG) founder and CEO Barry Silbert stated that as the market's demand for financial privacy rises, it is expected that 5% to 10% of Bitcoin funds will flow into privacy-focused cryptocurrencies represented by Zcash in the coming years.

Silbert pointed out at the Bitcoin Investor Week event in New York that financial privacy is not only a fundamental right but could also become the next direction in the crypto industry with asymmetric return potential. He believes that Bitcoin remains a core component of asset allocation, but under the current market size, privacy projects may have greater growth potential. He also mentioned that with the development of on-chain analysis tools like Chainalysis and Elliptic, the narrative of Bitcoin as "anonymous cash" is no longer valid, while the market still has a demand for using digital currencies with privacy protection. Silbert's current portfolio has also correspondingly increased its allocation to privacy and related emerging sectors.