Name: Zcash: All-in with my Net Worth.
Uploaded: 2026-09-11T13:53:56+00:00
Duration: 2099 s

Speakers

Taiki Maeda — Founder, HFA Research

Summary

Taiki Maeda argues that the crypto bull market is still early and that the widely followed four-year-cycle Q4 dump thesis is wrong. He is all-in on Zcash, viewing it as an asymmetric privacy-focused alternative store of value that can gain share versus Bitcoin, and he also favors Hyperliquid, Lighter, and Bitcoin. He debunks bear cases against Zcash, especially comparisons to Monero, and describes his 'locked in' strategy of buying winners and not selling.

Taiki rejects the four-year-cycle Q4 dump consensus and prefers front-running cycle believers.
He sees a K-shaped crypto recovery favoring quality assets and cash-flow/buyback tokens.
Zcash is his highest-conviction idea after breaking $1,000 and crossing 1% of Bitcoin's market cap.
He argues Zcash has better privacy, regulatory, and institutional adoption prospects than Monero.
He owns Bitcoin but flags Saylor/quantum headwinds and does not present a strong fundamental case.
Hyperliquid and Lighter are favored as buyback/cash-flow assets that operate like stocks.
He warns that vaporware infrastructure coins with high valuations and low revenue will not pump.
He describes his approach as 'locked in': buying winners on the way up and not selling.

Ideas

Taiki Maeda Founder, HFA Research 0:01

Zcash is asymmetric alternative store of value

Zcash breaking above $1,000 and crossing 1% of Bitcoin's market cap is highly significant, putting it in price discovery and marking the early stage of a much larger move. He argues Zcash is the best privacy asset because it offers optional/compliant privacy, has lower regulatory risk than Monero, now has ETF access and growing institutional inflows, and has a quantum-resistance roadmap. Its fundamentals are reflexive: a higher price and larger shielded pool improve privacy guarantees, strengthening the store-of-value narrative. He sees capital rotating from Bitcoin and sidelined investors, and thinks Zcash can grow from 1.6% toward 3%, 6%, 9%, or 10%+ of Bitcoin's market cap. He is all-in, max long, buying on the way up and down.

Taiki Maeda Founder, HFA Research 1:39

Owns Bitcoin despite fundamental headwinds

He does not believe in the four-year cycle, but because many crypto participants do, he treats it as a self-fulfilling framework to front-run. Last year the consensus expected a Q4 pump, so he sold in Q3; this year the consensus expects a Q4 dump, so he bought good assets like Bitcoin, Hyperliquid, Lighter, and Zcash in Q2/Q3. The actionable idea is to buy winners before cycle-believers are forced to buy back higher.

Taiki Maeda Founder, HFA Research 1:39

Hyperliquid is a buyback cash-flow winner

Hyperliquid is one of his core overweight picks because it is a buyback/cash-flow asset that operates like a stock: the business generates cash flow and returns value to the token, so if the business keeps growing the token should rise. He expects Hyperliquid to continue taking market share from zero-day-to-expiry options/perps. He bought months ago, has been adding, and will not sell because he thinks the market is still early in the bull market.

Taiki Maeda Founder, HFA Research 2:50

Avoid vaporware infrastructure coins at high valuations

The weak side of the K-shaped recovery is vaporware infrastructure coins that make minimal revenue but trade at multibillion-dollar valuations. He argues no amount of VC promotion will make these pump; they should be avoided while capital concentrates in quality assets.

Zcash: All-in with my Net Worth.

Summary

Ideas

Up Next