Zcash’s Rise Sparks Debate on Bitcoin Splitting, Analyst Warns

Bloomberg ETF analyst Eric Balchunas has warned that the growing popularity of Zcash could potentially harm Bitcoin at a critical juncture for both cryptocurrencies. In a recent X post, Balchunas likened Zcash to a third-party candidate like Gary Johnson or Jill Stein, arguing its potential to splinter Bitcoin’s unified political and cultural support is significant.