According to Kashif Raza, the post raises whether a Bitcoin privacy upgrade could overlap with Zcash’s value proposition for traders. Source: X post by Kashif Raza on Nov 16, 2025. Bitcoin currently has no activated protocol change that provides Zcash-like fully private on-chain transfers; Taproot (BIPs 340–342) improves script and key-path spending efficiency but does not hide sender identities or transaction amounts. Source: Bitcoin Core documentation and BIPs 340–342. Silent Payments is a Bitcoin proposal intended to enhance receiver privacy by enabling address reuse resistance without revealing links on-chain, but it remains a Draft BIP and is not activated on the Bitcoin network. Source: Bitcoin BIPs repository, BIP-352 Silent Payments. Zcash provides optional shielded transactions using zk-SNARKs through the Orchard pool and unified addresses, enabling transfer privacy for amounts and participants while preserving supply auditability. Source: Electric Coin Company technical documentation and Zcash Protocol Specification. Because no Bitcoin soft fork delivering Zcash-level on-chain privacy is currently activated, ZEC’s differentiated privacy utility remains intact at this time for market positioning. Source: Bitcoin BIPs repository status and Bitcoin Core release notes. For trading, monitor BIP status changes and Bitcoin-Dev mailing list discussions for any consensus progress on privacy features, alongside Zcash network updates from Electric Coin Company and Zcash Foundation that could affect ZEC/BTC relative performance and liquidity. Source: Bitcoin-Dev mailing list, Bitcoin BIPs repository, Electric Coin Company updates, and Zcash Foundation communications.