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挖矿的小羊
挖矿的小羊
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从2021到2026:Barry Silbert的“隐私资产阳谋”全复盘》 当所有人都在FOMO AI和meme的时候,有个人用了五年时间, quietly stacking一个被市场遗弃的资产。 今天,这个资产一周涨了70%,创下八年新高。 这不是运气。这是一场精心布局的“隐私阳谋”。 🧵 Thread Start 1/ 先看今天发生了什么。 8月26日,灰度创始人Barry Silbert在不丹公开喊话:ZEC长期市值有望达到BTC的十分之一——8000美元。 同时他预言:美国股市5年内将实现7×24小时交易,Hyperliquid等加密平台的竞争会加速这一进程。 这不是一个孤立事件。这是一条埋了五年的暗线,终于浮出水面。 2/ 把时间拉回2021年。 那一年,市场在干什么?DeFi summer的余温、NFT的 jpeg狂潮、各路公链的“以太坊杀手”故事轮番上演。 没人关心隐私。 但2021年1月10日,Barry Silbert发了一条推:“看来2021年将是隐私保护、去中心化以及抵制审查的一年。”然后列了两个币——ZEC和ZEN。 当时灰度刚恢复ZEC和ZEN的信托申购。Silbert甚至公开说“两者都喜欢,我们也有很大一部分ZEC”。 那时候ZEC多少钱?最高也就300多美元。没人当回事。 3/ 然后呢?然后就是漫长的“死亡周期”。 2022年、2023年、2024年,隐私赛道被监管按在地上摩擦。ZEC从高点一路跌到2024年的16美元。币安甚至把它列入了下架候选名单。 市场上所有人都在嘲笑:“隐私币已死”、“合规才是未来”、“ZEC迟早归零”。 Silbert呢?一声不吭,继续持有。 4/ 转折出现在2025年下半年。 2025年Q3,Arthur Hayes的Maelstrom基金开始大量建仓ZEC。他在采访中说:“我意识到隐私叙事正在复苏。现在底层加密货币玩家都在抱怨比特币已被机构绑架,我们需要真正解决隐私问题、属于普通人的东西。” 2025年底,ZEC从约50美元开始飙升,短短2个月内突破700美元,涨幅超12倍。隐私叙事正式回归。 当初嘲笑的人,开始慌了。 5/ 2026年,这条叙事彻底爆发。 1月,Hayes公开宣布2026年策略:“隐私将成为主导叙事。” 5月,灰度正式提交Zcash现货ETF申请——美国首个隐私币ETF。 6月,ZEC因Orchard漏洞一度闪崩,Hayes清仓。市场一片恐慌,觉得“完了,叙事破了”。 但Silbert没走。灰度不仅没走,还在8月21日提交了ETF申请的第五次修订。 8月25日,灰度Zcash ETF(ZCSH)正式在纽交所Arca挂牌交易——全球首只Zcash现货ETP。 同一天,ZEC触及888美元,创2018年以来新高,单周涨幅超70%。 8月26日,Silbert喊出8000美元。 6/ 把这条时间线串起来,你会发现什么? 2021年:Silbert公开支持ZEC——没人信。 2025年:Hayes接力推动ZEC走出独立行情——开始有人关注。 2026年8月:ZEC ETF上市、价格创八年新高、Silbert给出8000美元目标价——所有人都在问“还能不能上车”。 这不是喊单。这是一个持续了五年的“隐私资产定价权”争夺战。 7/ 更值得玩味的是Silbert对代币化股票的态度转变。 他承认:一旦美股实现7×24小时交易,美国市场的代币化股票吸引力将下降。 这意味着什么?他把代币化股票的价值定位从 “交易时间套利” 转向了 “地理套利” ——美国之外的流动性洼地才是真正的战场。 而 “Hyperliquid竞争加速美股全天候交易” 这个判断更狠——加密交易平台正在从边缘挑战者,变成传统市场基础设施的驱动力。 传统金融不是在被“颠覆”,而是在被“倒逼改造”。 8/ 说回ZEC本身。 Silbert的逻辑其实很简单: 第一,ZEC基于BTC代码库,2100万枚供应上限、PoW共识——技术上能承接BTC级别的资金。 第二,ZEC比BTC多一层隐私——屏蔽交易可隐藏发送方、接收方和金额。在AI时代金融监控手段不断升级的背景下,隐私不是“选项”,是“刚需”。 第三,灰度报告指出:市场当前对ZEC的估值反映的是“隐私将保持边缘化”的假设。如果投资者最终认为隐私应获得适度溢价,当前估值可能被严重低估。 说白了:市场还没给“隐私”这个属性定价。 9/ 扎心的问题来了。 当所有人都在追逐meme币的百倍暴富梦、AI叙事的宏大想象时,真正的“老OG”在布局什么? Silbert说得很直白:Memecoin本质上就是赌博。然后补了一句——“如果一定要进行这种风险交易,最好的选择就是买入ZEC。” 这句话什么意思? 不是让你去赌。是告诉你:连赌博,都有比meme更好的标的。 $ZEC $ZEN $BTC #ZEC现货ETF首日成交额1480万美元
挖矿的小羊
挖矿的小羊
Wall Street has surrendered: Crypto, after more than a decade, has forced the halt of a clock that has run for 200 years Grayscale founder Barry Silbert dropped a bombshell in Bhutan last week—— The U.S. stock market will achieve 7×24-hour trading within 5 years. You heard that right. The clock that only rings for 6.5 hours a day and closes promptly on weekends might be stopped forever. And Silbert added a sharp point: if crypto platforms like Hyperliquid keep up the pressure, this process will accelerate even more. In plain language: crypto is forcing Wall Street to change the rules. Let's look at the facts—this is not a prediction, it's happening now. Nasdaq has confirmed that starting December 6, 2026, it will trade 23 hours a day, 5 days a week, with only 1 hour of daily downtime. The NYSE has also been approved to extend trading hours to 22 hours daily. The SEC will hold a roundtable on September 17 to formally discuss the implementation of full 24-hour trading. Did you notice? From Silbert saying "within 5 years" to Nasdaq going to 23 hours as early as December—the pace is faster than anyone expected. Why? Because crypto has cornered them. Compare and you'll see how absurd it is— Traditional U.S. stocks: weekdays 9:30 to 16:00, 6.5 hours a day. Weekends? Closed. Something big happens overnight? Wait until Monday's open. Crypto market: 7×24×365, anytime, anywhere, buy when you want, sell when you want. A system that has run for 200 years is being forced to change by something that has existed for just over a decade. Nasdaq itself admits: "Investor behavior has changed dramatically. The market needs to be as accessible as the apps investors use daily." Translation: users are used to trading anytime; if you don't change, they'll go elsewhere. And Hyperliquid is that "elsewhere." A decentralized exchange, open year-round, offering perpetual contracts on the S&P 500, Bitcoin, crude oil, even SpaceX. Wall Street hedge fund traders get a phone alert on the weekend—Trump announces an airstrike on Iran. Traditional markets are closed, but they open a position directly on Hyperliquid. By Monday's U.S. market open, their positions have already gained several points. Do you think Wall Street is panicking? User loss, liquidity loss, pricing power loss. Crypto isn't just stealing business—it's stealing the power to define the rules. So what does this mean for the crypto world? Short term: it is indeed a negative. The biggest selling point of tokenized U.S. stocks is "I can trade when others are closed." Once the underlying stocks trade 7×24, this advantage disappears. Silbert himself admits: once U.S. stocks achieve around-the-clock trading, the appeal of tokenized stocks in the U.S. market will decline. But long term: this is a victory for crypto. This is not crypto being replaced—it's crypto forcing traditional finance to evolve. Convergence of systems means capital flows will also converge. Crypto is no longer a "fringe wild path" but a driving force behind traditional infrastructure. Think about it—a decentralized exchange forcing Nasdaq and NYSE to change their rules. This alone is the greatest recognition for the crypto industry. Who is the ultimate winner? The users. In the future, if you want to trade U.S. stocks, you won't have to wait for the open, worry about time zones, or be bound by a 200-year-old clock. Buy when you want, sell when you want—free like crypto. And crypto has transformed from a "challenger" to a "driver." We're not replacing traditional finance—we're forcing it to get better. $BTC $HYPE $SNDK

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