Zcash Price Rockets Naval Ravikant finishes speculation about Zec utility 27%

Entrepreneur and thought leader Naval Ravikant unexpectedly brought Zcash (ZEC) back to the map by comparing its role in the Crypto world with Bitcoin’s role against Fiat currency.

The idea is that if Bitcoin is the front line of defense against inflation and state-controlled money, Zcash could be a shield to protect digital wealth from growing surveillance.

It was popular due to the Coin Shield transaction. Almost 20% of ZCASH supply held in the privacy pool is now fully encrypted.

This growth was built in silence until Ravikant’s support led it to a central stage when governments around the world were leaning hard towards capital management and chain surveillance.

Skyrocket at ZCASH (ZEC) price

The market response was immediate. ZEC rose more than 27% in a day to reach a price of around $94. This is the highest level in over a year. Despite the rally, the tokens are trading at nearly $320 at over 70% of their previous cycle peak, leaving room for traders to view privacy as the next major trend.

The Harving Event also reduced new issuances, reduced sales pressure and affected long-term supply outlook.

Ravikant’s move suggests that they view Zcash as a hedge rather than a speculative altcoin.

If that happens, his appeal may not appear to be an inverse bet, and an early positioning that could become a definitive privacy asset for the next decade.