Multicoin Capital has opened a large position since February. Zcash believes that demand for privacy assets will accelerate

TusharJain, co-founder of Multicoin Capital, disclosed in a post on social platforms that a large number of privacy coins Zcash have been established since this year. Multicoin Capital pointed out that Zcash returns to the "cryptopunk" ideal on which cryptocurrency was founded. California's proposed wealth confiscation bill is a warning sign. As the trend towards political confiscation of private wealth continues to grow, individuals and institutions will increasingly seek private assets that can protect their interests. In addition, although Bitcoin is censory-resistant and no one can freeze or prevent its use, this does not prevent the government from confiscating known assets through wealth taxes. Therefore, assets that truly have privacy, censorship resistance and seizure resistance have clear product-market fit, and related demand is accelerating. In its view, ZEC is the most direct target for expressing this investment theme on the open market.