According to a new investment thesis released by Grayscale Investments, the value of Zcash (ZEC) could reach over $62,000 by 2025, assuming that the coin will represent 10 percent of all offshore wealth by that point.
Zcash is an anonymity-focused digital currency that uses zero-knowledge proofs to verify the validity of a transaction without revealing its contents, giving it appeal as a “Swiss bank account in [your] pocket.”, as Grayscale phrases it.
Grayscale Investment specifically manages investments in digital assets, overseeing both Bitcoin (BTC) and Ethereum Classic (ETC) funds, the latter added to their portfolio in April 2017.
Calls for cryptocurrency regulation were a resounding theme at the World Economic Forum in Davos last week.The world’s most prominent financial institutions remain wary of going all in on cryptocurrencies, amid fears of future regulation leading the market to tank.
Governments around the world have signaled their ongoing or imminent intent to legislate and regulate cryptocurrencies around the world, and it seems the largest banking and financial firms are waiting for more clarity before they forge ahead with plans to enter the market.
According to Catalini, it is because of the hype and excitement around the cryptomarket through the end of last year, a correction was bound to happen. He concluded. “The space was ripe for a correction after the craziness of the end of 2017.”
Bitcoin continues to slide, now into February, and it seems to be borne on the back of a lot of negative press – some real, and some less than convincing. As several countries, notably China and South Korea, target a crackdown, Neil Wilson, analyst for ETX Capital, said: “Explaining moves in Bitcoin is always tricky but this plunge … may well be a result of recent signs that regulatory pressures are building.”
The Korean crackdown was a paper tiger and debunked by the countries highest authority, but bad news leaves its mark on such a speculative market. Regardless, today’s price proves that negative press has a big role to play in the way the market moves. And the flipside of that is so does positive news.
At GameCredits Inc., we are first and foremost gamers. Gaming is what got us into computers early on. It gave birth to a passion for programming that—decades later—led us into the exciting world of blockchain and digital currencies. It is our belief that this industry can be vastly improved and made better for all—publishers, game developers, casual gamers, e-sport professionals—through the use of cryptocurrency.
Current Price: $2.82 USD
Market Cap: $181,644,268 USD
Circulating Supply: 64,355,352 GAME
Total Supply: 64,355,352 GAME
At the sidelines of a conference on the future of payments and currencies, Wozniak, a mathematician by training, explained why he thought Bitcoin was better than the US Dollar and Gold. Quipping that unlike Gold or the US Dollar, Bitcoin has a predictable finite supply and is tamper proof, Wozniak claimed Gold’s value will be diluted once more efficient methods of mining are invented. He also remarked that the US Dollar is ‘kind of phony’ due to the centralised control over creation and use, lending itself to abuse.
Adding that he admired Bitcoin from the very start, Wozniak said he wasn’t interested in the financial part of it but rather believed in the promise Bitcoin held as a currency. The tech geek also shared how he found it hard to buy Bitcoins in the early days after its launch. Comparing Bitcoin to a house, Wozniak said that no matter how much the price went up or the government taxed it, the house would still exist as a real stable asset, undiluted and worth what it’s made of. In the same way, he said, Bitcoin is limited in amount and nobody could ever dilute the supply, making it valuable as a stable asset.