Bloomberg ETF analyst Eric Balchunas has commented on a recent surge in enthusiasm for Zcash, describing it as having "third-party candidate vibes." He notes that this growing interest risks splitting support away from Bitcoin at a critical market juncture. The comparison draws on political analogies where a third option dilutes the strength of a leading candidate. This commentary highlights the tension between Bitcoin's dominance and the rotational interest in privacy coins or legacy altcoins. [Update 1] The analyst specifically warned that this resurgence could fragment capital allocation at a moment when Bitcoin requires consolidated market support.