Grayscale: Zcash Privacy Could Be AI Era Essential, 5% Share May 9x Value

The notable move here is Grayscale framing privacy as an AI-era demand driver rather than a compliance liability — a shift in narrative from a major asset manager whose research carries weight with institutional allocators. The 5% market-share scenario is a thought experiment, not a forecast, and the report's real signal is that privacy coins are being repositioned for an AI-transaction thesis. Whether that framing gains traction with other research desks, or stays a lone argument, is the open question worth watching.