According to ChainCatcher, Arthur Hayes has stated that privacy will be a defining factor in the next phase of cryptocurrency trading, with Zcash emerging as a key player in this privacy-focused era. Hayes' family office, Maelstrom, has established significant Zcash positions at low prices by the third quarter of 2025, making it the second-largest liquid asset in their portfolio after Bitcoin.
Hayes believes that the U.S. political climate, under the leadership of U.S. President Donald Trump, is leaning towards aggressive credit expansion, which will enhance dollar liquidity and support both Bitcoin and privacy assets. Additionally, Maelstrom is shifting its research and portfolio strategies towards the zero-knowledge proof ecosystem.
