DCG Founder Barry Silbert: In the future, 5%–10% of Bitcoin may flow into privacy-focused cryptocurrencies

BTC0,81%
ZEC0,51%

Odaily Planet Daily News: Digital Currency Group (DCG) founder and CEO Barry Silbert stated that as market demand for financial privacy increases, it is expected that 5% to 10% of Bitcoin funds will flow into privacy-focused cryptocurrencies such as Zcash over the next few 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 area with asymmetric return potential in the crypto industry. He believes that Bitcoin remains a core component of asset allocation, but given the current market size, privacy-focused projects may have greater growth potential.

He also mentioned that with the development of on-chain analysis tools like Chainalysis and Elliptic, the early narrative of Bitcoin as “anonymous cash” is no longer valid, but there is still market demand for digital currencies that can be used while ensuring privacy. Silbert’s current investment portfolio has accordingly increased allocations to privacy and related emerging sectors.

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