Bitcoin Supporters Turn To This Little-Known Cryptocurrency | The Reason Behind The Appeal Of This Digital Currency

Thursday, May 21, 2026

Saed News: Zcash, a forgotten cryptocurrency launched a decade ago, has suddenly gained significant popularity, and some early Bitcoin supporters have turned to this privacy-focused token.

Bitcoin Supporters Turn To This Little-Known Cryptocurrency | The Reason Behind The Appeal Of This Digital Currency

According to SAEDNEWS, Zcash, a token launched in 2016 using the Zcash blockchain protocol, has seen a 50% price increase over the past month, while Bitcoin struggles to escape a price stagnation phase.

This token has remained relatively unknown, except among some notable early adopters who valued it for its emphasis on privacy. It received little attention for years until it unexpectedly surged in late 2025.

Daniel Reis-Faria, CEO of the AI-focused asset management company “Zerostack,” stated: “People care about Zcash because it is one of the few major crypto networks built around financial privacy as a core feature rather than an optional add-on. With increasing surveillance in traditional finance and blockchain, interest in assets that preserve discretion and confidentiality is rising again.”

Reis-Faria told Business Insider that Zcash is attractive not only to crypto traders but also to institutions because it protects transaction details. He noted: “What Zcash offers that Bitcoin does not is shielded transactions. Bitcoin is often mistaken as anonymous, but in reality it is highly transparent and traceable.”

Bobby Ong, CEO and co-founder of CoinGecko, attributes the rising interest in Zcash to an October 1 post by tech entrepreneur Naval Ravikant, who simply stated: “Bitcoin is insurance against fiat currencies. Zcash is insurance against Bitcoin.”

On the day of that post, each Zcash coin was priced at $74. Since then, it has risen to over $600 per token. Ong noted that several other catalysts have followed since Ravikant’s statement last year.

The prevailing narrative appears to be that in a world increasingly driven by artificial intelligence and powerful tools capable of compromising cryptographic security, the demand for privacy is growing.

In January, an analyst at Jefferies Bank predicted that the rise of quantum computing would become the biggest long-term threat to Bitcoin. Meanwhile, a man who had been locked out of his crypto wallet for 11 years claimed last week that he used Anthropic’s Claude AI to regain access, instructing the chatbot to test 3.5 trillion passwords.

According to Business Insider, the increasing importance of anonymity and privacy is now a key driver of Zcash’s appeal, leading traders to embrace the cryptocurrency that had until recently been largely forgotten.