PANews May 6 news, Multicoin Capital co-founder Tushar Jain posted on the X platform revealing that Multicoin has built a large ZEC position since February. Jain stated that California's proposed wealth seizure is a warning; as the political trend of seizing private wealth continues to grow, people will increasingly seek private assets to protect themselves. Although Bitcoin is censorship-resistant, and no one can freeze BTC or block its use, this does not prevent governments from seizing known holdings through wealth taxes. He believes that truly private, censorship-resistant, and seizure-resistant assets have a clear product-market fit, and demand is accelerating. ZEC is the clearest way to express this investment theme in the open market.

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