Look at this trend; $ZEC hasn’t even reached the peak yet. Keep watching for more upside.
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--Bullish
loveabit
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BullishBankless co-founder delivers a major scenario: Is ZEC replicating the 2021 ETH playbook, and has BTC’s “wealth spillover” begun?
When the “old money” in the Bitcoin ecosystem starts looking for new battlefields, who will be the next reservoir to absorb trillions in spillover funds? Bankless co-founder David Hoffman has a surprising answer the market didn’t expect: Zcash $ZEC .
He believes ZEC’s recent explosive surge isn’t entirely driven by brand-new over-the-counter capital; instead, Bitcoin holders’ “wealth spillover” is replaying the 2021 Ethereum script.
👇Here’s the core logic breakdown:
ZEC: A “just in case” allocation for BTC holders. Hoffman points out that Bitcoin holders typically have extremely firm beliefs, so capital outflows are rare. But once consensus loosens, funds can shift “like infection.”
The 2021 playbook: Back then, old BTC money flowed into ETH, pushing ETH’s market cap from $12 billion to $554 billion.
The 2026 ZEC playbook: With its privacy features and an anti-quantum computing narrative, ZEC is becoming the “insurance policy” in the eyes of BTC holders. Compared with BTC’s $1.7 trillion market cap, even if only a tiny portion of spillover occurs, it’s enough to send ZEC surging.
The soul-searching question: Can BTC and ETH still deliver 10x gains again? Hoffman raises a painful question: if BTC and ETH struggle to achieve another 10x growth, who will capture the innovative value in the crypto industry?
ETH’s predicament: There’s currently no clear narrative to support ETH’s market cap growing another 10x.
Value-capture shifts: New projects like Hyperliquid and Ethena may be innovative, but value may not necessarily flow to ETH. If total market cap can’t jump from $3 trillion to $10 trillion, the next wave of wealth may be consumed by traditional finance giants like Robinhood and Coinbase—rather than native tokens.
Blue-chip dilemma and capital rotation. Hoffman previously cleared out his ETH and rotated into VVV, NEAR, ZEC, LIT, and HYPE. His core view is that the market is shifting from major blue chips like BTC and ETH to the “next set of assets” that can absorb incoming capital.
Summary: ZEC’s surge may not be an isolated event, but the first crack in the dam of BTC’s massive market-cap “pond.” If the “wealth spillover” logic holds, then the altcoin season in 2026 may not be broad-based pumping—it may be precise drip-feeding. Only assets that can articulate a “BTC-alternative consensus” will be the ones to receive this windfall.
#zec #zcash
When the “old money” in the Bitcoin ecosystem starts looking for new battlefields, who will be the next reservoir to absorb trillions in spillover funds? Bankless co-founder David Hoffman has a surprising answer the market didn’t expect: Zcash $ZEC .
He believes ZEC’s recent explosive surge isn’t entirely driven by brand-new over-the-counter capital; instead, Bitcoin holders’ “wealth spillover” is replaying the 2021 Ethereum script.
👇Here’s the core logic breakdown:
ZEC: A “just in case” allocation for BTC holders. Hoffman points out that Bitcoin holders typically have extremely firm beliefs, so capital outflows are rare. But once consensus loosens, funds can shift “like infection.”
The 2021 playbook: Back then, old BTC money flowed into ETH, pushing ETH’s market cap from $12 billion to $554 billion.
The 2026 ZEC playbook: With its privacy features and an anti-quantum computing narrative, ZEC is becoming the “insurance policy” in the eyes of BTC holders. Compared with BTC’s $1.7 trillion market cap, even if only a tiny portion of spillover occurs, it’s enough to send ZEC surging.
The soul-searching question: Can BTC and ETH still deliver 10x gains again? Hoffman raises a painful question: if BTC and ETH struggle to achieve another 10x growth, who will capture the innovative value in the crypto industry?
ETH’s predicament: There’s currently no clear narrative to support ETH’s market cap growing another 10x.
Value-capture shifts: New projects like Hyperliquid and Ethena may be innovative, but value may not necessarily flow to ETH. If total market cap can’t jump from $3 trillion to $10 trillion, the next wave of wealth may be consumed by traditional finance giants like Robinhood and Coinbase—rather than native tokens.
Blue-chip dilemma and capital rotation. Hoffman previously cleared out his ETH and rotated into VVV, NEAR, ZEC, LIT, and HYPE. His core view is that the market is shifting from major blue chips like BTC and ETH to the “next set of assets” that can absorb incoming capital.
Summary: ZEC’s surge may not be an isolated event, but the first crack in the dam of BTC’s massive market-cap “pond.” If the “wealth spillover” logic holds, then the altcoin season in 2026 may not be broad-based pumping—it may be precise drip-feeding. Only assets that can articulate a “BTC-alternative consensus” will be the ones to receive this windfall.
#zec #zcash
