Bitwise CEO: Zcash's performance has put "Bitcoin-only" advocates in an awkward position.

According to Odaily Planet Daily, Bitwise CEO Hunter Horsley wrote that with the recent surge in Zcash's price, the view that "only look at Bitcoin, everything else is a scam" is facing challenges, and related groups may find it difficult to provide a unified response. Horsley stated that the market is gradually reassessing the long-term value of privacy assets and the broader crypto ecosystem.