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Zcash Price Rockets 27% as Naval Ravikant Ends Speculation on ZEC Utility

Wed, 1/10/2025 - 13:05
Naval Ravikant explains why Zcash (ZEC) belongs in every crypto portfolio, alongside Bitcoin
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Zcash Price Rockets 27% as Naval Ravikant Ends Speculation on ZEC Utility
Cover image via youtu.be

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Entrepreneur and thought leader Naval Ravikant unexpectedly put Zcash (ZEC) back on the map by comparing its role in the crypto world to Bitcoin’s role against fiat currencies.

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The idea is that if Bitcoin is the first line of defense against inflation and state-controlled money, Zcash may be the shield that protects digital wealth from the growing reach of surveillance.

The coin's shielded transactions have made it popular. Nearly 20% of the supply of Zcash, which is held in a privacy pool, is now fully encrypted. 

This growth was building in silence until Ravikant’s support brought it to center stage at a time when governments worldwide are leaning harder into capital controls and on-chain monitoring.

Zcash (ZEC) price skyrockets

The market response has been immediate. ZEC jumped by more than 27% in a single day, reaching a price of around $94 — its highest level in over a year. Despite the rally, the token still trades at over 70% of its previous cycle peak of nearly $320, leaving room for traders who view privacy as the next major trend.

Halving events have also reduced new issuance, mitigated selling pressure and influenced the long-term supply outlook.

Ravikant’s move suggests that he views Zcash as more of a hedge than a speculative altcoin, which could gain real relevance if surveillance finance becomes the norm.

If that happens, his call may look less like a contrarian bet and more like early positioning in what could become the defining privacy asset of the next decade.

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