Qiao Wang Says Zcash (ZEC) Gains Shifted His Bitcoin (BTC)-Zcash Mix

AllianceDAO co-founder Qiao Wang said gains in Zcash (ZEC) changed the balance of his two-asset crypto portfolio, and he prefers holding the assets over selling and paying taxes.

Wang told threadguy on Oct. 26 that the ratio between Bitcoin (BTC) and Zcash was roughly 2:1, compared with about 5:1 earlier. He attributed most of the shift to ZEC’s rise.

Wang said he remains bullish on Bitcoin over a three-to-five-year horizon. He pointed to continued government money creation and Bitcoin’s fixed supply.

He described governance as Bitcoin’s main challenge related to quantum computing, including what to do with Satoshi’s coins. Wang sees ZEC as a potential hedge against Bitcoin’s privacy and quantum risks, saying its developers can continue updating the protocol to address new threats.

Wang previously projected that ZEC’s market capitalization could reach 5% to 10% of Bitcoin’s this cycle, a view covered in his earlier Zcash market-cap forecast.