Zcash breaks $1,000 — "Buying now is like buying Bitcoin in 2013"?

Original Author: Billy Bambrough, Forbes

Original Translation: AididiaoJP, Foresight News

Bitcoin has finally crawled out of this year's slump over the past month.

The price has climbed back above $80,000 per coin, up about 20% since mid-August. The market is simultaneously trading on the "possibility of the US resuming large-scale money printing" narrative while digesting sharper warnings: some have described the US fiscal trajectory as a "death spiral" of approximately $40 trillion. Macro narratives have reignited, and capital is crowding into hard assets and crypto assets.

Right at this juncture, US President Trump has once again opened fire on the Federal Reserve. Bitcoin is moving, but the asset that has truly posted extreme gains is an older and more niche play: Zcash, a privacy-focused Bitcoin competitor.

Within a few weeks, Zcash's price has more than doubled. From its 2024 low, the gain is approximately 7,300%. This week, it climbed back above $1,000 per coin for the first time since shortly after its launch in 2016. It has more than doubled over the past month and is up nearly 2,500% compared to the same period last year.

The most easily spread phrase in crypto circles has naturally followed.