Zcash: The Trade of the Cycle.

Summary

Taiki Maeda makes an aggressively bullish, high-conviction case that Zcash is the trade of the cycle, arguing it is an asymmetric privacy-focused store-of-value similar to Bitcoin but with rising shielded-pool usage, an ETF, and reflexive price dynamics. He also argues crypto is starting a new bull market, supported by the return of the debasement trade and underallocated crypto natives. Within crypto he expects a K-shaped rotation into quality store-of-value and buyback tokens such as Bitcoin, Zcash, Hyperliquid, and Lighter while infrastructure and VC tokens remain unattractive.

• Describes Zcash as a Bitcoin-like proof-of-work privacy network with optional shielded addresses and fixed supply.
• Cites growing shielded-pool usage as an on-chain fundamental and reflexive demand signal.
• Frames ZEC/Bitcoin ratio near 1% market cap as asymmetric upside toward a silver-like 10-15% store-of-value role.
• Argues crypto is in a new bull market due to the return of the debasement trade and washed-out crypto-native positioning.
• Sees K-shaped rotation from infra/VC tokens to quality store-of-value and buyback/cash-flow assets.
• Treats Zcash's recovery after the Orchard exploit as anti-fragile evidence of trust and durability.
• Discloses a majority net-worth ZEC position, with focus on sizing into winners and reflexivity, not financial advice.