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VanEck CEO Jan van Eck on CNBC:
“There’s something else going on within the Bitcoin community that non-crypto people need to know about.
And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken.
We don’t right now, but you always have to look at the underlying technology and the crypto.
What the Bitcoin community has been asking itself is: Is there enough encryption in Bitcoin, because quantum computing is coming?
And secondly: Is there enough privacy in Bitcoin?
And so a lot of Bitcoin OGs or maxis have been looking at Zcash.
Zcash is a token. It’s sort of related to Bitcoin with a lot more privacy.
The kind of garbage that we got about Bitcoin four years ago was: ‘It’s used for all bad illicit behavior.’
But now everyone kind of realizes that when you move money around on the Bitcoin blockchain, you can see it.
You can see it move from one wallet to another.
And a lot of people are looking for more privacy.”
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