According to CoinMeta, Grayscale Research believes that the development of stablecoins, blockchain applications, and AI financial monitoring may drive a new round of demand for financial privacy, while the market currently still regards privacy as a relatively marginal aspect of cryptocurrency. The article takes Zcash as an example, pointing out that it balances privacy with verifiability through zero-knowledge proofs, transaction masking, and selective disclosure, and the amount of asset usage that is masked is also increasing. Whether its future value can be further realized still depends on factors such as privacy demand, product availability, regulatory acceptance, and protocol upgrades.