Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, BlackRock’s clients aren’t factoring Bitcoin’s global payments potential into their investment thesis. Meanwhile, Peter Schiff says OGs selling to ‘weak’ hands will make future downturns more sever.
Bloomberg Senior ETF Analyst Eric Balchunas has warned that Zcash may adversely impact Bitcoin at this crucial moment.
In a recent post on X, Balchunas said Zcash (ZEC) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (BTC) needs unified political and cultural support.
