[Arthur Hayes: The Market Cap of Privacy Coins Like Zcash Should Be Second Only to Bitcoin and Ethereum] BitMEX co-founder Arthur Hayes expressed his optimism about privacy coins in his latest article, specifically mentioning Zcash (ZEC). He believes that due to the combined influence of artificial intelligence, large tech companies, and governments, internet privacy has almost completely disappeared, and privacy coins utilizing zero-knowledge proof technology are the last line of defense for protecting human privacy. Hayes pointed out that privacy coins will become a critical tool to resist the oppression of technology, governments, and AI giants, and they hold long-term value. He further stated that Zcash or similar privacy coins should occupy a more significant position in the market, with a market cap second only to Bitcoin and Ethereum. Hayes believes that the privacy narrative will drive the crypto market for years and could lead to sustained price increases for privacy coins like Zcash in the future. Earlier reports indicated that Arthur Hayes predicted Bitcoin might first drop to $80,000–$85,000 before surging to the $200,000–$250,000 range by the end of the year.