🔹Raoul Pal believes that the strong surge of Zcash may be due to the flow of money in the market rather than a sustainable structural growth trend
🔹To affirm its long-term position, Zcash needs to establish a solid floor price and maintain upward momentum even when the entire market rises, instead of just increasing temporarily due to capital rotation
🔸Zcash attracts attention after Arthur Hayes' prediction of a price of 10,000 USD and Grayscale's filing to convert the Zcash fund into a spot ETF, indicating growing interest from institutions
🔸Despite the potential security being the focus, Raoul Pal remains cautious and is not rushing to buy at the current price; he prefers to wait for the next downturn cycle to find a safer entry point
Do you think Zcash is a temporary craze due to news or is it truly an essential security asset in a long-term investment portfolio?
Follow the channel for more updates, the information is for reference only and not investment advice. Please read carefully before making a decision