Winklevoss Sees Zcash Rally as a Repeat of 2019 Market Chaos

Gemini co-founder Tyler Winklevoss compared Zcash's recent price surge to the 2019 market, when Bitcoin rallied from $3,693 to around $13,000. He noted that despite the volatility, serious investors focused on building institutional infrastructure and custody solutions.

Winklevoss pointed out that while Zcash's chart may look tidy at its September peak of $1,335.51, the year as a whole was marked by turbulence. The coin started January around $511, dropped to $191 in February, and only began a genuine breakout in May.

Zcash is not a newcomer, with its network going live in 2016. However, it has had a tumultuous history, being delisted by some exchanges due to regulatory scrutiny and concerns over its use of zero-knowledge proofs.

Winklevoss's comparison carries weight given Gemini's long-standing relationship with Zcash. The exchange has been offering Zcash trading and custody since 2018 and has made significant engineering commitments to the asset, including the rollout of a dedicated Zcash credit card.