Zcash Emerges as New Investment Target, Drawing Comparisons to Ethereum 2021
David Hoffman, co-founder of Bankless, sees Zcash as an emerging investment target for Bitcoin holders. He notes that even partial reallocation by BTC investors could drive substantial inflows due to ZEC's relatively small market capitalization.
The current market cap gap between Bitcoin and Zcash is striking: approximately $1.7 trillion for BTC versus around $26 billion for ZEC. Hoffman suggests that this disparity could lead to significant inflows if only a small share of Bitcoin holders reallocate part of their portfolios into ZEC.
Hoffman also draws parallels between NEAR Protocol and Zcash, stating that both assets are absorbing demand for specific investment categories. NEAR has been attracting capital from smart-contract platforms, including Ethereum and Solana, as investors seek alternative assets to traditional large-cap cryptocurrencies.