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David Hoffman, co-founder and host of crypto podcast platform Bankless, said on X that Zcash (ZEC) is showing a pattern this year similar to what Ethereum (ETH) saw in 2021.
Hoffman said capital rotation by Bitcoin holders into assets other than BTC is rare, but ZEC has emerged this year as a Schelling point, or a focal point where market participants collectively direct capital. Hoffman added that ZEC’s market capitalization could expand significantly even if only a very small share of BTC holders comes to view it as a play on privacy, quantum resistance, or a hedge against BTC exposure.
Hoffman also said a similar pattern is appearing in NEAR, which Hoffman described as emerging as a new Schelling point in smart contracts for 2026.