The post VanEck CEO notes OG Bitcoin users turning to Zcash in security and privacy reevaluation appeared com. VanEck CEO Jan van Eck stated that a growing group of early Bitcoin users is reconsidering the asset’s future security and privacy guarantees. Speaking in a CNBC interview, van Eck noted that long-standing questions inside the Bitcoin community, particularly around encryption strength and on-chain transparency, are driving interest in Zcash, a privacy-oriented token that shares elements of Bitcoin’s design but operates with enhanced shielding capabilities. VanEck CEO flags privacy and encryption risks During the interview, van Eck explained that two technical concerns are impacting sentiment among long-term Bitcoin holders. The first centers on whether Bitcoin’s existing encryption will remain adequate as quantum computing advances. The second involves the asset’s lack of transactional privacy, which has become more apparent as blockchain analytics have improved. According to him, these issues have prompted several long-time participants to evaluate Zcash, which is structured to obscure wallet-level transaction details. VanEck noted that the perspective shift is interesting, as the privacy arguments that were once made against Bitcoin have become weaker over time. According to him, most individuals have come to understand that Bitcoin transactions are visible on a network, and as such, individuals can track funds transferred between one address and another. This exposure, he opined, has compelled some users to turn to alternatives that meet their demands for financial confidentiality. Market outlook shaped by four-year cycle behavior In addition to encryption and privacy concerns, vanEck cited Bitcoin’s determined halving cycle as a major factor driving contemporary price fluctuations. According to him, the asset has historically undergone a significant downturn period every four years after the mining rewards are reduced. Since the next cycle is projected to begin in 2026, which is a potentially negative year, he stated that investors appear to be positioning themselves early for what they believe will be a potentially weak.
