- Jan van Eck says quantum computing and traceability concerns are driving Bitcoin users to reassess long-term security.
- Bitcoin OGs are exploring Zcash for stronger privacy through zero-knowledge proofs as transparency worries grow.
- Industry voices urge quantum-resistant upgrades before 2030, elevating debate over Bitcoin’s encryption durability.
VanEck CEO Jan van Eck raised alarm during a recent CNBC interview in the United States, addressing Bitcoin community concerns on encryption and privacy. He said Bitcoin maxis now study Zcash because quantum computing could weaken Bitcoin security and expose transaction history. These remarks surfaced this week as longtime holders questioned transparency, technology limits, and future protection of on-chain activity.
Quantum Concerns Shake Bitcoin Confidence
According to CNBC, Jan van Eck said Bitcoin faces scrutiny over whether its encryption can handle emerging quantum machines. He added that developers now discuss if existing safeguards meet future computational demands.
Notably, he stated VanEck would reconsider Bitcoin exposure if its core thesis breaks under quantum pressure. However, the concern did not stay isolated to investment circles.
He explained that Bitcoin users increasingly recognize that anyone can track wallet movements and transaction flows. Therefore, transparency now raises personal privacy issues within the community. This creates a direct path toward alternative privacy-focused networks.
Zcash Draws Attention From Bitcoin OGs
Van Eck confirmed that several Bitcoin OGs actively explore Zcash as a privacy-focused alternative. He described Zcash as closely related to Bitcoin but with stronger privacy protections through zero-knowledge proofs. As a result, users evaluate shielded transactions to limit public visibility.
Moreover, he highlighted how previous criticism of Bitcoin for illicit use changed perception. People now understand Bitcoin’s ledger allows tracing between wallets. Consequently, privacy concerns push serious discussion around Zcash adoption. This shift marks a clear change in how veteran holders approach transaction confidentiality.
Industry Response and Growing Debate
According to the interview, Van Eck said the discussion now extends beyond niche crypto forums. He stressed the community must address both encryption durability and user privacy expectations. Meanwhile, Vitalik Buterin warned that quantum-capable machines could appear before 2030.
Notably, he urged developers to prepare upgrades before the threat matures. He also pointed to 2026 as a date many consider for quantum-resistant planning. Additionally, Arthur Hayes stated on X that he views ZEC as a hedge during current market stress.
These remarks continue to steer attention back toward Bitcoin’s technical roadmap and user privacy safeguards. Meanwhile, conversation around Zcash remains active among institutional and long-term participants seeking clearer protection paths.
