AllianceDAO Co-founder: ZEC Could Become a BTC Hedging Asset, Bullish Target Suggests Market Cap Could Reach 20% of BTC

AllianceDAO co-founder Wang Qiao posted on platform X, stating that Zcash has the potential to become a hedging allocation asset for some Bitcoin holders. A more conservative target is for ZEC's market cap to reach approximately 3% to 5% of Bitcoin's, implying BTC holders rebalancing a portion of their holdings into ZEC for risk hedging. A more bullish expectation suggests ZEC's market cap ratio to BTC could reach 15% to 20%, akin to silver's market positioning relative to gold.

Additionally, Wang Qiao's analysis also posits an extreme "flippening" scenario. If Bitcoin encounters a major systemic risk event, such as risks associated with Michael Saylor or black swan factors like a quantum computing threat, ZEC could have the potential to significantly increase its market share. However, this scenario is described as a low-probability event.