BlockBeats News, May 6th, Multicoin Capital co-founder and managing partner Tushar Jain posted on social media, stating that the firm has been accumulating a significant position in the privacy coin Zcash (ZEC) since February this year, indicating a long-term bullish view on the privacy-focused cryptocurrency asset class.

Multicoin Capital believes that Zcash represents a return to the crypto industry's original "cypherpunk" ethos. The demand from individuals and institutions for asset privacy protection is steadily increasing. Despite Bitcoin's censorship resistance, it still cannot fully avoid the risks of taxation or confiscation for known holdings. Multicoin believes that assets with privacy, censorship resistance, and confiscation resistance capabilities are experiencing clear demand, and ZEC is the best choice in the current public market to express this investment thesis.