DCG Founder Barry Silbert: 5%–10% of Bitcoin Could Flow into Privacy-Focused Crypto Assets in the Future
Odaily News: Barry Silbert, founder and CEO of Digital Currency Group (DCG), stated that as market demand for financial privacy rises, an estimated 5% to 10% of Bitcoin capital is expected to flow into privacy-focused crypto assets, represented by Zcash, within the next few years.
Speaking at the Bitcoin Investor Week event in New York, Silbert pointed out that financial privacy is not only a fundamental right but could also become the next area in the crypto industry with asymmetric return potential. He believes Bitcoin remains a core component of asset allocation, but given the current market scale, privacy-focused projects may have higher growth potential.
He also noted that with the development of on-chain analysis tools like Chainalysis and Elliptic, the early narrative of Bitcoin as "anonymous cash" no longer holds true. However, market demand for using digital currencies while ensuring privacy still exists. Silbert has correspondingly increased allocations to privacy and related emerging sectors in his current investment portfolio.
