Alliance DAO co-founder Qiao Wang described Zcash (ZEC) as "the last possible 1000x in crypto," framing the privacy-focused token not as a short-term trade but as a multi-decade conviction bet driven by government overreach, monetary expansion, rising socialism and advancing quantum computing.
Privacy Coin Thesis
Wang posted on X on Mar. 15 that he continues to view Zcash as the only remaining digital asset capable of delivering a 1,000x return, citing what he called "massive multi-decade tailwinds." He compared his approach to a Bitcoin (BTC) holding strategy, writing that investors should "accumulate during periods of apathy and hold it for 10-20yrs" rather than trade the token.
In a follow-up, he argued that while plenty of 10x and even 100x opportunities still exist in crypto, a 1,000x return "requires an extraordinarily large tam" — a total addressable market wide enough to absorb a re-rating of that magnitude over decades. At press time, ZEC traded at $265.60.
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Why It Matters
Helius Labs CEO Mert Mumtaz reinforced the argument in the same thread, pointing to a privacy thesis he published in November titled "The Last 1000x in Crypto: A Privacy Thesis."
Mumtaz wrote that Bitcoin resolved the legitimacy question by becoming a trillion-dollar asset, that Solana (SOL) and Ethereum (ETH) solved programmability and scale, and that privacy remains "the last remaining piece."
He added that future improvements along existing branches would be "marginal, not order of magnitude in scale," making the privacy branch "the last thing remaining for asymmetric upside."
The conversation also turned to why Zcash specifically rather than rival privacy protocols. Awa Sun Yin, co-founder of Anoma and board member at Shielded Labs, recounted a rumor from late last year that an individual with enough access to secure a meeting with the U.S. president had been arguing in political circles that Bitcoin and crypto holdings were "visible to everyone — and seizable," and recommending Zcash as an alternative.
Awa said the factual accuracy of the account mattered less than its plausibility, writing that "the story wouldn't be believable if the person were recommending Monero (XMR) or any other privacy coin instead of Zcash."
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