Arthur Hayes: Privacy coins like Zcash should have a market capitalization second only to Bitcoin and Ethereum.

In a recent article, BitMEX co-founder Arthur Hayes expressed his optimism about privacy coins, specifically mentioning Zcash (ZEC). He believes that internet privacy has almost vanished due to the combined effects of artificial intelligence, large tech companies, and governments, and that privacy coins, using zero-knowledge proof technology, are the last line of defense for protecting human privacy. Hayes points out that privacy coins will become a key tool in combating the oppression of tech, government, and AI giants, possessing long-term value. He further states that Zcash or similar privacy coins should occupy a more significant position in the market, with a market capitalization second only to Bitcoin and Ethereum. Hayes believes that the privacy meta-narrative will drive the crypto market for years and may propel the continued price increases of privacy coins like Zcash in the future.