Winklevoss also eyeing...Zcash, what's the probability of the $9,700 surge scenario coming true?

▲ Zcash/ChatGPT generated image

Zcash (ZEC) is once again attracting market attention, leveraging a theoretical price model of $9,700, which likens it to gold and Bitcoin (BTC). With Gemini co-founder Tyler Winklevoss lending weight to this prediction, both anticipation and caution surrounding privacy coins are growing simultaneously.

According to crypto media outlet U.Today on May 7 (local time), Winklevoss publicly agreed with the estimation that Zcash could reach $9,700 if it secures just 1% of global offshore assets. Winklevoss Capital has already incorporated 303,000 ZEC into the listed company Cypherpunk Technologies.

This debate was sparked by a post from Cypherpunk Chief Investment Officer Will McEvoy. McEvoy's model starts with the premise that Zcash is still a very small asset compared to large assets like gold or Bitcoin. According to his calculations, if Zcash secures just 1% of the offshore asset market, or 10% of Bitcoin's market share, the ZEC price would move above the $9,700 mark.

However, the current market price is far from this prediction. U.Today reported that although Zcash surged 70% in the past week, it is still trading 22% lower than its six-month high of $735. The discrepancy between the $10,000 forecast and the current price indicates that the market is treating this model as a theoretical scenario rather than a confirmed future.

Winklevoss Capital restructured Leap Therapeutics into Cypherpunk Technologies, establishing a Zcash treasury structure in the U.S. stock market. Cypherpunk Technologies currently holds 303,906 ZEC on its balance sheet, with an average acquisition cost of $332.83. U.Today reported that as of the time of writing, these holdings were showing a 69% profit.

U.Today explained that interest in privacy-focused assets is growing as blockchain transparency becomes a burden for large capital in 2026. Citing Santiment data, it stated that Zcash, with its mathematically verifiable privacy protection features, is emerging as a scarce asset amidst stricter KYC regulations and the spread of AI-based surveillance tools. At the same time, it pointed out that healthy skepticism is necessary when individuals like the Winklevoss brothers, who have already accumulated millions of dollars in assets, publicly express increased interest.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*