Hayes Bullish on Zcash Halving, Plans Buy at $300–$350
BitMEX co-founder Arthur Hayes is bullish on the Zcash halving, viewing the November 18 reward cut as a key catalyst to tighten supply and boost ZEC prices. After ZEC slid from nearly $700 to around $478, he pledged to accumulate more at $300–$350. His bullish case rests on three pillars: the halving slashes daily issuance by 50%, Grayscale’s $102 million ZEC fund brings institutional inflows, and on-chain privacy demand is rising. Hayes also urged holders to move tokens into shielded addresses to constrain supply and reduce sell-side pressure.
As the Zcash halving approaches, scarcity-driven rally expectations are heating up. However, new EU anti-money laundering rules and FATF travel-rule updates could pose compliance hurdles for privacy coins. Zcash’s optional privacy design offers an advantage over other privacy coins but delisting risks remain. Traders should monitor supply concentration in shielded pools, institutional inflows and market reactions around the halving to gauge short-term volatility and long-term support. Balancing risk and reward is essential given high leverage levels and liquidation risks in this high-volatility privacy coin.
Bullish
This news is bullish for Zcash because the upcoming Zcash halving reduces new supply by 50%, likely supporting price floors, while Grayscale’s $102 million ZEC fund signals strong institutional demand. In the short term, volatility may spike around the halving event and compliance uncertainties could trigger pullbacks. However, the supply reduction and growing on-chain privacy demand suggest longer-term upward pressure on ZEC prices. Traders should monitor liquidity in shielded pools and institutional inflows to assess market momentum.