Bitcoin Whales Urged Dan Held To Buy Zcash Before $1,000 Rally

Some of Bitcoin’s oldest whales privately urged early investor Dan Held to buy Zcash (ZEC) for months before the token topped $1,000, he said in a recent interview. According to BeInCrypto, Held said investors with eight- and nine-figure net worths pushed him to buy ZEC between $100 and $400, while some trimmed a fifth to an eighth of their long-term Bitcoin holdings to fund the trade. Zcash has since crossed $1,000 for the first time in nearly a decade, helped by rising ETF inflows into Grayscale’s ZCSH fund. Held said he remains skeptical of the timing and still prefers Bitcoin’s fixed 21 million supply cap.