Markets
What to know:
- VanEck CEO Jan van Eck has some questions about Bitcoin‘s “encryption” and “privacy” in a CNBC interview.
- Apparently, some Bitcoin holders are now flirting with Zcash for its privacy perks. đ±
- Technologists are quietly nodding along, while hardcore Bitcoin fans are clutching their ledgers in horror. đŹ
In a plot twist that could only happen in the bizarre world of cryptocurrency, VanEck’s CEO, Jan van Eck (whoâs obviously got a thing for Bitcoinâs underlying tech), decided to air some concerns on CNBCâs Power Lunch – yes, weâre all watching crypto drama at lunch now. His main gripe? The Big B’s encryption and privacy levels. That’s right, folks, your precious Bitcoin might not be secure enough for VanEckâs liking. đ±
Van Eck, in a rare moment of cryptographic vulnerability, pointed out that the Bitcoin community is starting to have some deep existential questions about its very foundations – itâs like asking if your favorite pair of sneakers will last the apocalypse. He added that VanEck doesn’t just invest in a crypto craze for a day; theyâre here for the long haul. But, just so you know, theyâll bail if Bitcoinâs “thesis” falls apart. Which, he admits, is a vague but ominous concept. What is this “thesis,” you ask? Well, itâs basically whether Bitcoinâs cryptography can survive quantum computing and whether its privacy features align with people who actually care about privacy. Because letâs face it, Bitcoinâs ledger is like your social media feed – everyone can see what youâre doing. đ
Van Eck wasnât shy about saying that some of the OG Bitcoin enthusiasts have started peeking at Zcash – the less transparent, more secretive cousin of Bitcoin. Apparently, Zcashâs “privacy” features are superior, and it might just be what your privacy-hungry crypto-addict dreams are made of. đ You know, if you like hiding things in a safe rather than broadcasting them to the world.
Oh, and letâs not forget that Van Eck had to throw in some of his sage advice on Twitter (or X, whatever), declaring that the Bitcoin bear market was essentially the universe telling us: âHey, itâs time for a little quantum reality check!â And in case you didnât get the memo, he suggests we all start dollar-cost averaging like thereâs no tomorrow. Just imagine youâre casually slipping into a bear market – no big deal. đ»
As if that wasnât enough crypto gossip, letâs talk price. Bitcoin, in its infinite volatility, was hanging around $84,643 at the time of VanEckâs CNBC confession. By Sunday morning, it had surged 2.4% to a modest $86,204. Still down 7.7% for the year, though. But, hey, whoâs counting? Itâs just Bitcoin being Bitcoin. đ€
Industry Reaction
Not everyone is sipping the same Kool-Aid as VanEck, of course. Oh no. In fact, some folks, like Ethereumâs Vitalik Buterin, are all in on the quantum apocalypse train, saying that elliptic curve cryptography (which Bitcoin uses) is basically doomed. He even added that itâs going to “die.” Wow, really giving it the olâ cryptographic eulogy. đ
Meanwhile, Scott Aaronson, a quantum computing researcher, is warning that itâs not just a far-off fantasy. No, the hardware progress is “staggering,” and we might even have a quantum computer capable of running Shorâs algorithm by the 2028 U.S. elections. So, yeah, your Bitcoinâs cryptography could be toast by then. đ
Then, of course, thereâs Samson Mow, CEO of JAN3 and Bitcoinâs early cheerleader, whoâs not having any of this Zcash love. He basically told VanEck to stop speaking for the Bitcoin “maxis,” since apparently, you can’t even spot a Bitcoin maxi in the wild. If VanEck wants to dive into altcoin talk, he should “stay in his lane” and leave the Bitcoin narrative to those who actually know what’s up. đïž
Meanwhile, Zcash (ZEC) is living its best life. With privacy on the brain, Zcashâs market cap has shot up to a solid $9.43 billion, with its token now priced at $578.35 – up 17.3% in the past 24 hours. Itâs like everyone suddenly realized that privacy matters more than transparency in the crypto world. Who knew? đž
VanEckâs comments, along with the ongoing privacy and encryption debates, suggest that the battle for Bitcoinâs long-term survival is only heating up. As the crypto world heads into 2026, expect more drama, more opinions, and more existential questions. Are we ready for the halving apocalypse? Only time (and quantum computers) will tell. đź
Read More
- Pump.fun Co-Founder Strikes Back at ICO Cash Out Allegations â Claims âMisinformation!â
- ETH PREDICTION. ETH cryptocurrency
- DOT PREDICTION. DOT cryptocurrency
- BNSOL PREDICTION. BNSOL cryptocurrency
- GBP RUB PREDICTION
- LINK PREDICTION. LINK cryptocurrency
- Gold Rate Forecast
- EUR USD PREDICTION
- USD THB PREDICTION
- USD VND PREDICTION
2025-11-23 14:42