Multicoin Capital Co-founder: The company has built up a large ZEC holding since February.

CoinFeed reported on May 6th that Tushar Jain, co-founder of Multicoin Capital, disclosed in an article on the X platform that Multicoin has built a significant ZEC holding since February. Jain stated that California's proposed wealth taxation is a warning sign that as the political trend of confiscating private wealth continues to grow, people will increasingly seek to protect themselves with private assets. While Bitcoin is censorship resistant—no one can freeze BTC or prevent its use—this does not prevent governments from confiscating known holdings through wealth taxes. He believes that truly private, censorship-resistant, and seizure-resistant assets have a clear product-market fit, and demand is accelerating; ZEC is the clearest way to express this investment theme in the public market.