Barry Silbert is the founder of Digital Currency Group, which owns Grayscale, one of the largest crypto asset managers. The crypto industry heavyweight declared on X (formerly Twitter) on May 24 that crypto’s “privacy era” has begun.

That’s a bold claim from a powerful industry insider with a direct stake; Grayscale recently filed with the Securities and Exchange Commission (SEC) to convert its Zcash (ZEC +5.87%) Trust into the first U.S. spot exchange-traded fund (ETF) for a privacy coin.

What’s more, at Bitcoin Investor Week in February, Silbert predicted that between 5% and 10% of Bitcoin capital would rotate into privacy-focused crypto like Zcash and Monero (XMR 3.93%), arguing that Bitcoin will never be able to offer privacy.

Let’s…