{"id":38551,"date":"2026-03-19T12:00:53","date_gmt":"2026-03-19T12:00:53","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38551"},"modified":"2026-03-19T12:00:53","modified_gmt":"2026-03-19T12:00:53","slug":"zcash-is-cryptos-most-mispriced-asset-cypherpunk-cio-says","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=38551","title":{"rendered":"Zcash Is Crypto\u2019s Most Mispriced Asset, Cypherpunk CIO Says"},"content":{"rendered":"

Cypherpunk Technologies CIO Will McEvoy is making a blunt case for Zcash: the market is undervaluing ZEC because it still has no coherent way to price privacy. In a thread published Tuesday, McEvoy argued that the discount is especially striking as AI-driven surveillance expands and demand for financial confidentiality becomes easier to justify.<\/p>\n

McEvoy\u2019s core claim<\/a> is simple. \u201cZcash is the most mispriced asset in crypto because privacy is the most mispriced asset in society,\u201d he wrote. \u201cThe market has no real framework for valuing privacy so it gets ignored. The upside is asymmetric nonetheless.\u201d<\/p>\n

Why Zcash Could Be \u2018Mispriced\u2019<\/h2>\n

He built that argument around relative size. At the time of his post, McEvoy put ZEC at $263 with a $4.4 billion market capitalization. Against that, he listed Bitcoin at $1.45 trillion, gold at $34.8 trillion, offshore wealth at $11.3 trillion, stablecoins at $312 billion, and Monero at $6.8 billion. The point was less about direct comparability than scale: by McEvoy\u2019s framing, Zcash remains \u201cjust a rounding error\u201d in every market it could plausibly intersect.<\/p>\n

That thesis runs through each benchmark. Relative to Bitcoin<\/a>, McEvoy argued Zcash is still tiny enough that even a modest re-rating would imply a large move. He wrote that if ZEC reached 0.5% of Bitcoin\u2019s value, it would imply a price of $446, or about 1.7 times higher. At 1%, the implied price rises to $891; at 2%, $1,782; and at 5%, $4,456. His summary line was as compressed as the valuation case itself: \u201cZcash is encrypted Bitcoin.\u201d<\/p>\n

The offshore wealth comparison is more pointed. McEvoy described privacy not as a niche preference, but as something people have historically paid for at scale. \u201cThere is $11.3 trillion in offshore wealth,\u201d he wrote. \u201cPeople pay a premium for privacy. They always have. They always will.\u201d From there, he argued that if Zcash captured 0.1% of that market, the implied price would be $680. At 0.5%, it would be $3,402, and at 1%, $6,804. \u201cZcash is a Swiss bank account in your pocket,\u201d he added.<\/p>\n

His gold comparison extends the same logic into a more traditional store-of-value frame<\/a>. \u201cGold is private. You can hold it. No one knows how much you have,\u201d McEvoy wrote. \u201cZcash has the same properties but it\u2019s digital, portable, and programmable.\u201d On that basis, he modeled ZEC at $1,048 if it reached 0.05% of gold\u2019s value, $2,095 at 0.1%, and $10,477 at 0.5%.<\/p>\n

McEvoy also positioned Zcash as a response to the visibility built into much of crypto\u2019s existing payment infrastructure. \u201cStablecoin<\/a> transactions are tracked. Wallets are surveilled,\u201d he wrote, before laying out price scenarios based on ZEC reaching 5%, 10%, or 25% of the stablecoin market. Those levels implied prices of $939, $1,877, and $4,692, respectively.<\/p>\n

He also compared Zcash to Monero. McEvoy argued Zcash offers \u201cstronger cryptography, optional transparency for compliance, and better scalability,\u201d then laid out a simple relative-value table: parity with Monero would imply $410 for ZEC, double Monero\u2019s value would imply $819, and five times Monero\u2019s value would imply $2,047. \u201cThe privacy coin throne is not yet claimed,\u201d he wrote.<\/p>\n

His closing point tied the whole thesis to a broader technological shift. \u201cArtificial intelligence is the attack. Zcash is the defense,\u201d McEvoy said. \u201cAI decodes all the data. Zcash encrypts all the data. AI is the surveillance state. Zcash is the sovereign individual. As AI advances, privacy becomes more valuable, not less.\u201d<\/p>\n

At press time, ZEC traded at $244.77.<\/p>\n

\"Zcash<\/p>","protected":false},"excerpt":{"rendered":"

Cypherpunk Technologies CIO Will McEvoy is making a blunt case for Zcash: the market is undervaluing ZEC because it still has no coherent way to price privacy. In a thread published Tuesday, McEvoy argued that the discount is especially striking as AI-driven surveillance expands and demand for financial confidentiality becomes easier to justify. McEvoy\u2019s core […]<\/p>\n","protected":false},"author":1,"featured_media":38552,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-38551","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nZcash Is Crypto\u2019s Most Mispriced Asset, Cypherpunk CIO Says - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38551\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zcash Is Crypto\u2019s Most Mispriced Asset, Cypherpunk CIO Says - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Cypherpunk Technologies CIO Will McEvoy is making a blunt case for Zcash: the market is undervaluing ZEC because it still has no coherent way to price privacy. 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