Barry Silbert Revives Zcash Prediction as ZEC Nears Key Bitcoin Benchmark

What To Know

• Barry Silbert reaffirmed Zcash’s 1% Bitcoin valuation target amid gains.
• Regulatory clearance removed uncertainty as Zcash approaches key milestone.
• Grayscale trust demand increased while institutional interest in Zcash grows.

Digital Currency Group founder Barry Silbert has renewed his long-standing prediction that Zcash could reach at least 1% of Bitcoin’s market capitalization, bringing fresh attention to the privacy-focused cryptocurrency as it continues outperforming many major digital assets.

According to Silbert, the 1% target remains his baseline expectation for Zcash. In a recent post on X, he jokingly questioned whether the target was 1% or 10% of Bitcoin’s market value before clarifying that 1% remains his core thesis, while 10% represents a possible long-term opportunity.

His comments arrived at a time when Zcash has demonstrated notable resilience. While Bitcoin traded near $67,006 and carried a market capitalization of roughly $1.34 trillion, ZEC gained 4.2% over the previous 24 hours and climbed to $592.91. The move pushed Zcash’s market valuation to approximately $9.91 billion.

Current market data shows that Zcash now represents about 0.74% of Bitcoin’s market capitalization. Consequently, the cryptocurrency has already covered much of the distance required to achieve Silbert’s frequently cited benchmark.

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Zcash moves closer to Silbert’s long-standing target

Based on Bitcoin’s current valuation, Zcash would need a market capitalization of roughly $13.43 billion to reach the 1% threshold highlighted by Silbert. That means the privacy coin requires an additional $3.52 billion in market value.

In percentage terms, ZEC would need to gain approximately 35.5% from current levels to reach the target. While that remains a significant move, the gap appears considerably smaller than in previous years when Silbert first discussed the idea.

Moreover, the prediction is attracting renewed attention because several developments have improved the investment case surrounding Zcash. Investors have increasingly focused on both regulatory progress and growing institutional participation.

One of the most notable developments involves the conclusion of a two-year regulatory investigation into the Zcash Foundation. U.S. regulators closed the matter without filing claims or enforcement actions, removing a source of uncertainty that had weighed on sentiment surrounding privacy-focused cryptocurrencies.

Institutional interest continues to build

Grayscale Investments has also emerged as a major factor in the renewed Zcash narrative. The asset manager, which operates under the Digital Currency Group umbrella, continues expanding its exposure to the cryptocurrency as discussions surrounding a potential spot ETF conversion gain traction.

Data shows that the Grayscale Zcash Trust currently holds approximately 389,420 ZEC valued at around $232.8 million. Additionally, demand for shares of the trust reportedly increased by more than 15%, highlighting continued institutional interest in the asset.

Supporters of Silbert’s thesis argue that these developments strengthen the case for further growth. Regulatory clarity has improved, institutional products continue attracting attention, and Zcash has maintained positive price momentum despite weakness across broader cryptocurrency markets.

Zcash remains below Barry Silbert’s 1% Bitcoin market capitalization target, yet current data suggests the gap has narrowed considerably. Continued institutional participation, stronger regulatory visibility, and sustained market performance have placed the privacy-focused cryptocurrency closer to the milestone than it has been in years.

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