'Serious Upside': Tyler Winklevoss Validates Theoretical $9,700 Zcash Price Model, Comparing ZEC to Gold and Bitcoin

Pioneer of the cryptocurrency industry and Gemini co-founder, Tyler Winklevoss, has publicly endorsed estimates suggesting that Zcash could reach $9,700 if it captures just 1% of global offshore wealth. Winklevoss Capital has already packed 303,000 ZEC into the public company Cypherpunk Technologies (CYPH).

But there is a catch: while X is filled with moonshot projections, the privacy coin is still trading 22% below its peak from six months ago.

Inside thesis for ZEC coin to capture 0.5% of Gold's market cap

The latest wave of discussion was triggered by a post from Cypherpunk CIO Will McEvoy. His model is simple: Zcash today is a tiny asset compared to giants like Gold or BTC. According to his calculations, if the coin captures just 1% of the offshore wealth market or 10% of Bitcoin's market share, the price of ZEC automatically moves into the zone above $9,700.

However, current numbers look far more grounded. Despite a powerful 70% rally over the past week, ZEC is still trading 22% below its six-month high of $735. The gap between the "$10,000 forecast" and the current price suggests that the market still views these charts more as theory than an inevitable future.

Cypherphunk Technologies (CYPH) stats regarding Zcash holdings, Source: Cypherphunk Technologies Official Site

Still, Winklevoss Capital executed an elegant strategy by reorganizing Leap Therapeutics into Cypherpunk Technologies, effectively turning CYPH into a legal Zcash treasury directly on the US stock market. The structure now holds 303,906 ZEC on its balance sheet, while the average purchase price stands at $332.83, already generating a 69% profit at the time of writing.

Interest in privacy-focused assets is being fueled by more than just Winklevoss tweets. According to Santiment data, blockchain transparency in 2026 has become toxic for large capital.