Explosion! Privacy Coins Surge: Short-Term Frenzy or Long-Term Trap?
Chen Zhi's 120,000 bitcoins seized instantly ignited a frenzy in the privacy coin market!
ZEC, Dash, and others surged, driven by massive capital inflows seeking to evade detection and hide wealth anonymously!
Zcash's zk-SNARKs technology and Dash's PrivateSend feature have become 'magic tools' for breaking transaction chains, making assets untraceable after just one transfer.
This appears to be genuine usage growth, but in reality, it's deeply intertwined with money laundering.
Dark web Silk Road 2.0 uses Dash for payments, the AlphaBay case used ZEC for laundering, and North Korean hackers from Lazarus even used ZEC to 'clean' their funds... From 2017 to 2023, privacy coins have become regulars in the money laundering world, and the Chen Zhi case has triggered a 'money laundering boom'.
But don't let this short-term surge cloud your judgment! This is merely speculative hot money chasing quick profits, lacking long-term fundamentals.
Some people even try to get ahead by investing in other low-market-cap privacy coins—this is truly 'seeking their own demise'!
Money laundering requires liquidity—large-cap coins dominate, while small-cap coins are only subject to speculation and cannot sustain price stability!