Dan Held revealed that several of $BTC’s earliest whales urged him to accumulate $ZEC when it was trading between $100 and $400, long before its recent surge above $1,000.

Despite the rally, Held says he never fully bought into the privacy coin narrative and remains skeptical about Zcash’s long-term prospects.

The move highlights how rapidly sentiment can change in crypto markets, even for assets many investors had written off.