@Dusk Beyond the short-term triggers, Lin noted a “broader re-rating happening across the privacy sector,” driven mostly by “intensifying global regulations, heightening on-chain surveillance and compliance requirements. Low correlation to Bitcoin is another selling point for investors, she said.
“Privacy coins tend to move counter-cyclically during periods of heightened uncertainty,” Shivam Thakral, CEO of Indian crypto exchange BuyUCoin, told Decrypt, highlighting the ongoing threat of U.S.-EU trade war reemergence. “The recent gains reflect defensive positioning, not speculative excess.”
“Crypto institutionalization has made public blockchains more traceable, not less, creating demand for opt-in privacy,” Thakral said, highlighting this as the key reason why the privacy narrative has remained strong since 2025.
Additionally, the ongoing macroeconomic and geopolitical conditions, along with a push toward increased regulatory and capital controls and data surveillance, have pushed privacy from a niche ideology to a legitimate risk-management feature, the analyst added.
Though Vitalik Buterin, the co-founder of Ethereum, has long been an advocate of privacy, his recent call for privacy and decentralization has added to the narrative’s credibility.
Users of prediction market Myriad, owned by Decrypt’s parent company Dastan, remained optimistic, assigning an 83.7% chance to Bitcoin’s next move taking it to $100,000 rather than $69,000. The probability has largely remained unaffected even after today’s liquidation event.
The exception to the privacy coin surge was Zcash, down 6.8% on the day and 6% on the week after turmoil at the Electric Coin Company earlier this month. Myriad users remain split on its outlook, placing a 51% chance on its next move taking it to $550 rather than $250.$DUSK #Dusk
