Market Truth Behind Zcash Comeback In 2025
Zcash's token has been trading above $500 for the first time since 2018, driven by an intriguing trend of support from some of the industry’s most popular commentators.
The narrative has left many skeptics questioning whether there has been a coordinated effort or marketing campaign to drive up the price of ZEC.
Speaking on Cointelegraph’s Chain Reaction live show, Bornstein said that the Zcash Foundation, which is a US-registered 501(c)(3) public charity, would not pay or solicit people to promote ZEC.
“We had absolutely nothing to do with this whatsoever. We were surprised to see when these mentions started popping up. Then to see that kind of wave just start to spread and then crest was extraordinary,” Bornstein said.
Ran Neuner, host of the YouTube channel Crypto Banter, echoed Bornstein’s sentiments when he joined Chain Reaction later in the week.
The South African broadcaster and entrepreneur described Zcash as ‘the most exciting thing happening in crypto right now,’ and drew comparisons to the early years of Bitcoin adoption between 2009 and 2017.
“What made Bitcoin special was a couple of things. The smartest cypherpunks on the planet, these extreme libertarians, were all united and self-organizing around a common cause, which was this private money that was supposed to be sent without government intervention from peer-to-peer anywhere in the world,” Neuner said.
Bornstein offered a more measured response to the development history of Zcash, which was spearheaded by Zooko Wilcox and other cryptographers who were inspired by the original vision of Bitcoin.
Bornstein also says that the Zcash ecosystem can “move faster” in implementing changes to governance, given that it has a “smaller, more agile” ecosystem of organizations and individuals building infrastructure and tools for Zcash.
“We feel like, regardless of who you are, Zcash is an improvement on Bitcoin, and we’re not stopping there. We’re implementing all these new things to help with the utility and underlying aspects of safety and security as well,” Bornstein said.
Source: CoinTelegraph
