Winklevoss Also Eyeing... Zcash: What's the Probability of a $9,700 Surge Scenario?

▲ Zcash/ChatGPT generated image

Zcash (ZEC) is once again attracting market attention by presenting a theoretical price model of $9,700, likened to gold and Bitcoin (BTC). As Gemini co-founder Tyler Winklevoss lends credence to this forecast, both expectations and caution surrounding privacy coins are growing simultaneously.

According to crypto media outlet U.Today on May 7 (local time), Winklevoss publicly agreed with the estimation that Zcash could reach $9,700 if it secures just 1% of global offshore assets. Winklevoss Capital has already incorporated 303,000 ZEC into the listed company Cypherpunk Technologies.

This debate was sparked by a post from Cypherpunk Chief Investment Officer Will McEvoy. McEvoy's model starts with the premise that Zcash is still a very small asset compared to large assets like gold or Bitcoin. According to his calculations, if Zcash secures just 1% of the offshore asset market, or 10% of Bitcoin's market share, the ZEC price would move into the $9,700+ range.

However, the current market price is far from this prediction. U.Today reported that although Zcash has surged by 70% in the past week, it is still trading 22% lower than its high of $735 six months ago. The gap between the $10,000 forecast and the current price indicates that the market views this model as a theoretical scenario rather than a confirmed future.

Winklevoss Capital restructured Leap Therapeutics into Cypherpunk Technologies, establishing a Zcash treasury structure in the US stock market. Cypherpunk Technologies currently holds 303,906 ZEC on its financial statements, with an average purchase price of $332.83. U.Today reported that as of the time of writing, these holdings are showing a 69% profit.

U.Today explained that interest in privacy-focused assets is growing as blockchain transparency becomes a burden for large capital in 2026. Citing Santiment data, it stated that Zcash, with its mathematically verifiable privacy protection features, is emerging as a scarce asset amidst strengthening KYC regulations and the spread of AI-based surveillance tools. At the same time, it pointed out that healthy skepticism is needed when individuals like the Winklevoss brothers, who have already accumulated assets worth millions of dollars, publicly express increased interest.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*