“Famous US CEO Announces He Prefers These Altcoins Over Bitcoin (BTC)!” Money Will Flow into These Altcoins!”
Barry Silbert, CEO of Digital Currency Group (DCG), one of the world’s largest digital asset companies, made important statements.
Speaking at the Bitcoin Investor Week conference in New York, Barry Silbert stated that as the cryptocurrency market develops, 5-10% of the capital held in Bitcoin will flow into privacy-focused cryptocurrencies like Zcash in the next few years.
Silbert stated that while he has absolute faith in Bitcoin and acknowledges it as a fundamental component of a diversified portfolio, he personally prefers investing in innovative projects with the potential for 100 or 1000 times returns.
At this point, the renowned CEO, highlighting privacy-focused cryptocurrencies, emphasized that these cryptocurrencies also offer a good investment opportunity, similar to Bitcoin’s early days.
Silbert also drew attention to the altcoin Zcash (ZEC), stating that ZEC has the potential to increase in value 100x, 500x, or even 1000x.
However, he added that he thought such a rise was unlikely for Bitcoin.
Finally, Silbert stated that it is unlikely for Bitcoin to increase in value 500 times unless the US dollar completely collapses, but reiterated that he sees such high potential in altcoins like ZEC and TAO.
Silbert also stated that while he doesn’t believe quantum computing poses a threat to Bitcoin, “Zcash is a great hedging tool.”
In this context, while DCG has been a significant supporter of Zcash for years, Silbert stated that he “feels more comfortable talking about financial privacy” since Paul Atkins took over as SEC chairman, adding, “My top priority right now is privacy.”
*This is not investment advice.
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