Arthur Hayes Dey Urge Make Dem Hold Zcash By Demself As Volatility Dey Rise
Former BitMEX CEO Arthur Hayes don tell Zcash holders make dem move their ZEC comot from centralized exchanges go put for self-custodial wallets as volatility dey spike. Since October, ZEC don jump over 700% reach above $711 — na im best level since early 2018 — and e don rise about 88% for the last one month. The privacy coin price dey swing from low near $430 go rebound above $537, show say exchange counterparty risk and cybersecurity threats dey increase. Zcash ranked 24th by market cap and climb 10% for 24 hours. Zcash zero-knowledge proof privacy ethos no agree with centralized platform data practice as regulatory scrutiny increase. Hayes warn say to keep ZEC for exchanges go increase counterparty and compliance risks, e recommend make people put their coins for private wallets make e protect their assets and transaction privacy. Traders suppose check their holdings, use self-custody strategies, and ready for continued Zcash volatility.
Bearish
The heighten focus on Zcash volatility and exchange counterparty risks, with strong price swings from $430 to $711, fit make people dey trade small small and some go fit sell quick quick. Even if self-custody reduce counterparty wahala, di focus on cybersecurity threat and regulatory check fit make people no too want am and e fit cause short-term pressure weh go make ZEC price fall. For long term, if many people start to use private wallet, e fit bring better trust but e no go fit stop the near-term wahala weh come from price wahala.