“If you expand that and get to convince some gold owners and offshore wealth holders, whether people holding money in offshore bank accounts or value in art, you can get to $3,000 or $4,000,” McEvoy said. “And in the long run there’s quite a good setup for much higher.”
The target audience here is not retail crypto traders. It is the global pool of capital that already operates outside traditional financial systems and is looking for a digital home.
Why Bitcoin Cannot Do What Zcash Does
A common pushback on privacy coins is that Bitcoin already offers some degree of anonymity. McEvoy mostly disagreed on that idea. Bitcoin, he explained, is pseudonymous at best, and in a world increasingly powered by AI, that distinction matters enormously.
“AI is already very good at stitching together disparate data sources,” he said. “If there is a data leak about you, or public information on your social media, any information about you will be used to deanonymise the Bitcoin blockchain.”
Gold Has the Same Problem
McEvoy also addressed the idea that gold provides meaningful privacy. He said that Gold is private in a limited sense, but it cannot be moved quietly. When a central bank ships tonnes of gold across the world, it loads pallets onto aircraft. That is not private. Zcash moves value across borders without leaving a public trail.
The Regulatory Question
The SEC ended its investigation into Zcash earlier this year, which removed one major cloud hanging over the project. But McEvoy acknowledged that regulatory risk has not disappeared entirely. A future SEC chair could take a different view on privacy coins, and clear legislation in the U.S. has not yet arrived.
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