TechFlow News, February 12: According to The Block, Barry Silbert, founder and CEO of U.S. blockchain industry investment group Digital Currency Group (DCG), stated that over the next several years, 5%–10% of Bitcoin capital inflows will shift toward privacy-focused cryptocurrencies such as Zcash.
Speaking at the New York Bitcoin Investor Week conference, Silbert said that while he remains bullish on Bitcoin as a core component of a diversified investment portfolio, he prefers investing in transformative projects offering 100x to 1,000x return potential. He believes projects like Zcash and BitTorrent could achieve up to 500x growth.
Silbert noted that Bitcoin’s early narrative as “anonymous cash” no longer holds true in the era of blockchain analytics firms such as Chainalysis and Elliptic, and he expressed skepticism about Bitcoin’s ability to deliver any meaningful privacy functionality. Notably, Grayscale—DCG’s subsidiary—offers a Zcash Trust and is seeking to convert it into an ETF.
