Raoul Pal says capital rotation could be fuelling Zcash boom

Real Vision CEO Raoul Pal said the key signal indicating whether Zcash shows the start of a rally is if it can hold up during a broader market uptrend.

The recent surge in privacy-focused cryptocurrency Zcash may be driven more by capital rotation than a sustained structural bull trend, says Real Vision founder and macro investor Raoul Pal.

“Do I need that asset to say I was in earliest? I don’t really,” Pal told Kevin Follonier on the “When Shift Happens” podcast published on Thursday.

The privacy-focused token Zcash (ZEC) has seen significant gains this year, but Pal said it is still too early to say whether its rally represents the beginning of a broader uptrend. 

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