Wu said that Delphi Digital released an in-depth report on Zcash (ZEC) stating that as Bitcoin is gradually absorbed into the traditional financial system and lacks native privacy, Zcash is being repositioned as a complementary asset to Bitcoin in terms of privacy and quantum resistance. The report pointed out that the proportion of shielded pool funds to circulating supply has increased from about 11% in early 2025 to approximately 30%, indicating a rising demand for privacy; at the same time, Zcash is advancing its quantum resistance roadmap, expecting to achieve protocol-level post-quantum privacy protection through the Tachyon upgrade before the end of 2026, and to promote quantum-recoverable wallet integration in 2026, with long-term plans to improve post-quantum reliability.