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Digital Currency Group founder Barry Silbert is forecasting a massive, multi-year bull cycle for Zcash (ZEC), arguing that the privacy-focused altcoin is preparing to mirror one of Bitcoin’s most historic boom phases.
Crypto commentator Zachary Dash shared a chart of ZEC’s recent price action. Silbert responded by correcting the comparison and outlining a different timeline. “2013-2014 bitcoin playbook, actually,” Silbert wrote. “2015-2020 next.”
Silbert’s bullish view comes alongside developments in Zcash’s infrastructure. In March, Foundry announced plans to launch an institutional-grade Zcash Mining Pool. At the time, Silbert said financial privacy would become more important as digital assets integrate with the traditional financial system.
Earlier this year, Silbert listed his top picks for the incoming cycle as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Zcash (ZEC). He pointed to ZEC’s recent momentum, noting that over the past year the token has risen by 984.0%. He also cited a 9.7% increase over the last 24 hours.
While Zcash appears positioned to test Silbert’s view of a 2015-2020 Bitcoin-style breakout, the outcome may depend on Bitcoin’s performance. The article notes that altcoins remain highly correlated with BTC.
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