PANews reported on November 18th that BitMEX co-founder Arthur Hayes expressed his optimism about privacy coins in a recent article, specifically mentioning Zcash (ZEC). He believes that internet privacy has almost disappeared due to the combined effects of artificial intelligence, large tech companies, and governments, and that privacy coins using zero-knowledge proof technology are the last line of defense for protecting human privacy. Hayes pointed out that privacy coins will become a key tool in combating the oppression of technology, governments, and AI giants, and possess long-term value.

He further stated that Zcash or similar privacy coins should occupy a more significant position in the market, with a market capitalization second only to Bitcoin and Ethereum. Hayes believes that the privacy meta-narrative will drive the crypto market for years and may propel privacy coins like Zcash to sustained price increases in the future.

According to previous reports, Arthur Hayes predicted that Bitcoin might first fall to $80,000–$85,000 before hitting the $200,000–$250,000 range by the end of the year .