Real Vision CEO suggests Zcash surge could be driven by market rotation.

Raoul Pal's Insights on Zcash: Raoul Pal, CEO of Real Vision, suggests that the recent surge in Zcash's value is due to capital rotation in the crypto market rather than a sustained bullish trend, expressing caution about the cryptocurrency's future.

Zcash's Price Fluctuations: Despite a significant increase in value (744.9% growth since January 2025), Zcash has seen a recent decline of approximately 37% over the past month, raising questions about its ability to maintain a solid price base.

Arthur Hayes's Influence: The surge in Zcash's price was reportedly influenced by Arthur Hayes, co-founder of BitMEX, who suggested the token could reach an all-time high, leading to increased institutional interest and a proposal for a spot ETF by Grayscale Investments.

Market Context: Zcash's market capitalization rose dramatically from $1 billion in August to over $7 billion by early November, even as the broader crypto market faced declines, indicating a shift in investor focus towards privacy tokens.