Qiao Wang Adds to Zcash Holdings, Projects 5% to 10% of Bitcoin’s Market Cap

AllianceDAO co-founder Qiao Wang says he has increased his Zcash (ZEC) holdings and projects its market capitalization could reach 5% to 10% of Bitcoin’s (BTC) this cycle. Wang expects recurring concerns about Bitcoin’s ability to withstand quantum computing to lead investors to reassess Zcash before “Q-Day,” when quantum computing could threaten current cryptographic systems. He put the odds of Bitcoin completing a quantum-resistant upgrade at 99%. Wang described Zcash’s post-quantum technology roadmap as more developed, while saying the network has not completed a comprehensive quantum-resistant upgrade. Enna Lee reports on investing and digital-asset markets for TokenPost.