Zcash (ZEC) might be perceived as a rival to Bitcoin, potentially detracting from the essential support needed for BTC during critical moments. Balchunas warns that this could lead to a dilution of backing for Bitcoin.
Critics argue Zcash’s rise is manufactured hype, while the Winklevoss twins maintain both cryptocurrencies can function together, with Zcash catering to specific transactional needs distinct from Bitcoin.
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