The Bitcoin vs Zcash debate intensifies as ZEC reclaims $700 level

Individuals from both communities sparred over privacy, centralization, and market manipulation as ZEC continues to dominate the narrative.

The debate between the Bitcoin (BTC) and Zcash (ZEC) communities intensified on Sunday as the price of Zcash recovered to over $700, after falling to a low of $598 on Saturday.

“The ‘Bitcoin only, everything else is a scam’ crowd is going to get really twisted trying to figure out what to say about Zcash,” the CEO of investment firm Bitwise, Hunter Horsley, said in an X post, which ignited a firestorm of responses.

“No, we’re pretty comfortable calling this obviously coordinated pump and dump of a VC coin a scam,” Bit Paine said in response, referencing Zcash’s 1,500% rally since October.

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