Overview
- VanEck CEO Jan van Eck told CNBC the firm could exit Bitcoin if its core thesis proves broken, though he said it has not reached that view, with Bitcoin trading near $86,200 Sunday morning.
- He said parts of the Bitcoin community are reexamining privacy expectations, noting some longtime holders are looking at Zcash and later linking the bear market to the halving cycle, quantum concerns and Zcash’s stronger privacy in a post on X.
- Zcash rallied sharply during the privacy debate, recently trading near $578 with a market value of about $9.43 billion, ranking 13th by capitalization after gains over the past day, month and year.
- Exchange OKX announced it will relist Zcash, reopening ZEC/USDT spot trading on November 24 at 12:00 UTC, with deposits already open and withdrawals set to follow two hours after trading resumes.
- Vitalik Buterin warned that elliptic-curve cryptography faces a quantum threat, and Scott Aaronson called a fault‑tolerant quantum computer before 2028 a live possibility, reinforcing concerns about long‑term defenses.