- Arthur Hayes listed the reasons that make him bet on privacy cryptocurrency. Zcash.
- This includes the widespread collection of personal data, AI surveillance, and repressive policies regarding citizens’ personal income.
Founder of the derivatives exchange BitMEX Arthur Hayes believes that privacy cryptocurrencies will soon be back in the spotlight.
In the recent interview The Rollup Hayes explained why Zcash became one of his largest crypto assets, and also spoke about growing digital surveillance by governments, big tech companies and artificial intelligence systems.
Having pure cryptographic, zero-knowledge proof of privacy for money will be crucial, Hayes said during the discussion.
Zcash attracted the attention of Arthur Hayes since its launch in 2016, primarily due to its use of zero-knowledge cryptography, specifically zk-SNARKs, which allowed users to hide transaction details while simultaneously verifying the validity of the network.
Arthur Hayes explained his position on ZEC on The Rollup
During the first trades, the price of ZEC on the then popular exchange Poloniex briefly reached 7 BTC as speculative demand collided with an extremely limited supply in circulation.
However, at that time, serious shortcomings were discovered in the project, which somewhat lowered Hayes’ expectations.
Critics argued that the “trusted setup” procedure Zcash or the cryptographic initialization process required for ensure The network’s privacy could be compromised. This theoretically allowed attackers to create counterfeit coins without being detected.
Another controversial point was the project’s “Founders’ Reward,” which provided for a 20% distribution of mining rewards among the founders, developers, and early investors during the first four years of the network’s existence.
In 2022, Electric Coin Company carried out an update Halo Arc, eliminating the need for trusted settings through recursive proof-of-concept technology. The original “Founders’ Rewards” structure was retired in 2020 and replaced by a revised development funding mechanism. approved by the community.
While the problem seemed to be resolved, regulatory pressure on privacy-focused assets has intensified globally. Several major exchanges, including Binance: и OKX:, held In some jurisdictions, delisting is underway, citing anti-money laundering requirements.
All of this prompted Hayes to take a closer look at the technology and market structure. ZcashHe ultimately identified privacy as one of the first philosophical foundations of cryptocurrency.
With AI-powered data collection accelerating across finance, social media, and digital infrastructure, there is a natural desire for privacy in personal lives and payments.
There is nothing wrong with wanting to have private money on the Internet, so Hayes commented on his reaction to what was happening.
This opinion reflects an ideological split within the crypto industry. Institutions clearly strive for regulated and transparent blockchains, while retail investors prioritize censorship resistance and financial privacy as core principles of decentralized technologies.
Hayes believes the movement he supports is only gaining momentum, so he continues to accumulate Zcash, despite regulatory uncertainty.
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