Zcash will soon Hit $60,000 as Predicted by the Grayscale Analyst

Last week, Grayscale Investments published the investment research for the Zcash Trust, the latest fund in its lineup of cryptocurrency-based investment products that includes the wildly-popular Bitcoin Investment Trust and the Ethereum Classic Trust.

Grayscale analyst Matthew Beck wrote that Grayscale trusts Zcash will prove that, it is the “first globally accessible ‘offshore’ investment opportunity.”

Beck mentioned that the offshore banking sector has decreased in recent years because of the added pressure on tax evasion and increased competition.

He wrote that it is convincing that Zcash, is a privacy-centric cryptocurrency which has been admired by NSA whistleblower Edward Snowden, he has the possibility to not only fill the void left by the decreasing offshore banking sector but also expand this opportunity to everyone, not just wealthy elites.

His calculation mentions that the Zcash price can grow excellently if the asset can catch even a small percentage of the wealth that is currently stored in offshore accounts.

The Zcash price should reach $6,289, a more than 1,500% growth from its present level. If Zcash can lead to capture 10% of the offshore wealth, then it can be grown to $62,893.

Many people believe that, Zcash as a trusted setup. Developers have already tried to decrease this risk by holding increasingly-larges ceremonies. But, the experts say that the risk associated with a trusted setup is untenable, there is no such matter about how small it is.

Anyhow, Zcash meets strong competition from Monero, whose market cap is currently three times larger than Zcash’s and it is already experiencing increasing adoption in darknet markets. They predicted that Zcash would reach $60,000 by 2025.

As of now, Zcash is trending at $339, according to Coin Delite’s Price Chart.