Tyler Winklevoss backs $9,700 Zcash price model, comparing ZEC to gold and Bitcoin.

Tyler Winklevoss has endorsed a theoretical model valuing Zcash (ZEC) at $9,700 if it captures just 1% of global offshore wealth or 10% of Bitcoin's market share. Despite this optimistic projection, ZEC currently trades 22% below its 2025 peak amid concerns over AI surveillance and tightening regulations. Winklevoss Capital holds over 300,000 ZEC through Cypherpunk Technologies, which acts as a legal Zcash treasury on the US stock market. The growing demand for privacy coins like Zcash is driven by increasing AI surveillance, but skepticism remains about whether ZEC can achieve such high valuations soon.