Former BitMEX CEO Arthur Hayes forecasts that Zcash (ZEC) could reach $1,000 by the end of 2025, driven by increasing demand for privacy, institutional adoption, and supply dynamics. Hayes highlighted that approximately 30% of ZEC is now held in shielded addresses, indicating a rise in private transactions. Institutional interest in Zcash has grown, with Grayscale launching a dedicated Zcash fund and other entities acquiring significant portions of the cryptocurrency. While the 2025 halving could impact supply, Hayes cautioned that regulatory challenges, low liquidity, and volatility remain potential risks for Zcash's price trajectory.