Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
'Insurance Against Bitcoin': Privacy Coin Zcash Surges 63%, Hitting 3-Year High

'Insurance Against Bitcoin': Privacy Coin Zcash Surges 63%, Hitting 3-Year High

CryptoNewsNetCryptoNewsNet2025/10/01 20:36
By:decrypt.co

Privacy coin Zcash has been the best performing digital asset over the past 24 hours after soaring to a three-year high on Wednesday after a number of prominent market observers emphasized its safety. 

The price of Zcash recently stood at over $121, jumping by 63% from the previous day, same time, CoinGecko data shows. 

Over a seven-day period, it's also the biggest winner in gains, having soared by more than 107%. The last time its price was this high was back in April 2022. The coin remains 96% below its 2016 all-time high of nearly $3,193.

Its surge comes as crypto market observers on X said that the coin was rebounding because it serves as insurance against bad actors using Bitcoin. Some observers have spoken about bad actors or governments surveilling Bitcoin users due to the coin's transparent nature. Zcash may serve as a safer, alternative to BTC. 

Entrepreneur and AngelList founder Naval Ravikant wrote that while "Bitcoin is insurance against fiat," Zcash is insurance against Bitcoin." 

Bitcoin is insurance against fiat.

ZCash is insurance against Bitcoin. https://t.co/rqMrR3bW7O

— Naval (@naval) October 1, 2025

And ex-Coinbase engineer and Helius CEO Mert Mumtaz added that the coin was gaining popularity as "CBDCs and centralized coins accelerate." 

"Simply: a world where crypto succeeds but privacy doesn't is a dystopian nightmare—we have no choice," he said. "Private money has to work."

Zcash is the 82nd biggest digital coin with a market cap of over $1.8 billion. As a privacy coin, Zcash enables users to send and receive money in private by encrypting transaction information using zero-knowledge proofs—a cryptographic method that proves something is known without revealing the known information directly.

CBDCs—or central bank digital currencies—are digital coins managed by a central bank. Unlike cryptocurrencies like Bitcoin, Ethereum, or Zcash, a government entity issues them. 

<span></span>


A large segment of the crypto community has vehemently opposed CBDCs. And President Donald Trump said during his campaign that he would never allow one in the U.S.

In January, the president signed an executive order prohibiting "the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Empowered by the "Sun Wukong" spirit: SunPerp ushers in a new era of decentralized derivatives

SunPerp is the first native decentralized perpetual contract trading platform in the TRON ecosystem.

深潮2025/10/02 15:24