Tushar Jain, co-founder of cryptocurrency investment firm Multicoin Capital, announced via X that he has been "massively accumulating privacy coin Zcash (ZEC) since February this year." He added, “While Bitcoin (BTC) possesses censorship resistance, making asset freezes or usage restrictions difficult, it does not solve the issue of governments imposing taxes. The market demand for assets with true privacy features is expanding, and Zcash (ZEC) is the asset that most directly reflects this.”