VanEck CEO Jan van Eck concerned about Bitcoin's encryption and privacy, says firm could walk away and that some longtime Bitcoin holders are examining Zcash as the market reassesses long-term assumptions.

"He did not define what he meant by “the Bitcoin thesis,” but his comments pointed toward the foundations that support Bitcoin’s long-term viability, including the strength of its cryptography, the network’s readiness for advances in quantum computing and whether its privacy model aligns with user expectations. His remarks centered on whether Bitcoin has “enough encryption” and “enough privacy,” which he said were now central questions for parts of the Bitcoin community."

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