Zcash risks ‘splitting the vote’ against Bitcoin, Bloomberg ETF analyst warns
Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, as critics accuse the privacy coin of manufactured hype.
Bloomberg Senior ETF Analyst Eric Balchunas has warned that Zcash may adversely impact Bitcoin at this crucial moment.
In a recent post on X, Balchunas said Zcash (ZEC) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (BTC) needs unified political and cultural support.
Balchunas’s comment comes as the Bitcoin vs Zcash debate intensifies. Arman Meguerian, founder and CEO of Timestamp, dismissed the idea that BTC supporters are pivoting to Zcash. “I don’t know a single Bitcoin maxi that thinks about Zcash at all,” he wrote on X.
