Zcash Rally Driven by Store-of-Value Case, Not Privacy, Mert Mumtaz Says

Mumtaz's framing shifts the Zcash narrative away from its privacy-tech identity and toward a monetary-premium thesis, which matters because it implies the bid is macro-driven rather than sector-specific. If that read is right, Zcash's correlation behavior would look more like other store-of-value assets than like privacy peers — a distinction worth watching as the rally matures.