Arthur Hayes: Privacy will be the dominant narrative in the crypto market in 2026
TL;DR
Arthur Hayes predicts privacy will lead the crypto market in 2026, with Zcash as a key asset. His firm Maelstrom has invested heavily in Zcash and is focusing on zero-knowledge proofs.
Tags
[Arthur Hayes: Privacy Will Dominate the Crypto Market Narrative in 2026] According to Mars Finance, Arthur Hayes stated that privacy will define the next wave of cryptocurrency trading, with Zcash becoming the privacy beta. His family office, Maelstrom, established a significant Zcash position at low prices in the third quarter of 2025, and Zcash is now the second-largest liquid asset in its portfolio after Bitcoin. Arthur Hayes believes that as US political motivations lean towards aggressive credit expansion, increased dollar liquidity will support Bitcoin and privacy assets. Furthermore, Maelstrom is shifting its research and portfolio strategies towards the zero-knowledge proof ecosystem.