AllianceDAO founder: ZEC could reach up to 20% of BTC market cap

AllianceDAO founder Qiao Wang has set a conservative target for Zcash's (ZEC) market capitalization at three to 5% of Bitcoin's (BTC), suggesting that BTC holders may allocate some of their assets to ZEC as a hedge. In a more aggressive scenario, he argued that ZEC could grow to reach 15% to 20% of BTC's market cap, an assertion he compared to the value ratio of silver to gold. Wang also noted the possibility of ZEC surpassing BTC in the event of a catastrophic event for Bitcoin, such as a massive sell-off initiated by Michael Saylor or a quantum computing attack. ZEC has risen more than 25% over the past month, with its current market capitalization standing at approximately $10.9 billion.