Arthur Hayes Backs Zcash with Significant Portfolio Allocation

Arthur Hayes, co-founder of BitMEX, has placed Zcash (ZEC) as a central asset in his investment portfolio, highlighting its significant potential in the cryptocurrency market. According to Hayes, ZEC now ranks as the second most important asset in his Maelstrom Fund, following Bitcoin (BTC). His growing enthusiasm for the privacy-focused cryptocurrency has been apparent in recent months, with Hayes predicting ZEC could eventually reach a value of $10,000.

Recently, Hayes shared on X (formerly Twitter) that his investment in Zcash remains slightly below his target, and he is prepared to increase his holdings if the price dips to the $300–$350 range. This comes as Zcash has experienced substantial growth in recent months. Data from TradingView shows a striking 920% rise in ZEC’s price, surging from under $50 to $461.12 on Binance. The cryptocurrency’s price has shown continued momentum, with a notable daily gain of 3.99%, adding $17.69 to its value, and reaching over $600 in early October before stabilizing.

Zcash’s Rally: A Strong Performance Amid Market Volatility

The recent rally in Zcash began in late August, and since then, the asset has posted a total gain of $415.96 over six months. With increased buying pressure and higher trading volume, ZEC has outperformed many other major digital assets in the second half of 2025. Despite facing pullbacks, the asset has remained resilient, consolidating around multi-year highs.

This momentum has not gone unnoticed by institutional investors. Hayes pointed out that Zcash had become the second-largest liquid holding in his Maelstrom Fund, trailing only Bitcoin. He emphasized that ZEC’s rise has positioned it as a core asset in his portfolio, reinforcing the growing interest in privacy-oriented cryptocurrencies.

Zcash’s Market Performance: A Mixed Short-Term Outlook

Zcash’s market performance has faced some volatility in recent days. According to CoinMarketCap, the cryptocurrency recorded an 11.35% decline in its price over the past 24 hours, dropping to $466.31. Despite this short-term setback, ZEC’s market capitalization remains robust at $7.6 billion. The trading volume also stands at $2.33 billion, though it has decreased by 51.78% compared to the previous day, signaling a dip in market activity following its recent highs.

Zcash’s circulating supply is currently 16.3 million coins, or 78% of its total 21 million cap. Its 24-hour price chart shows a high of $519 and a low of around $450, with the asset stabilizing at approximately $466. Although ZEC has experienced some pullbacks, its long-term outlook remains positive, thanks to strong buying momentum and institutional interest from investors like Arthur Hayes.