Privacy coins entering a new cycle. The thesis is straightforward: $ZEC, $ZEN, $XMR, and $ANYONE are positioned to deliver outsize returns compared to the broader market. Regulatory scrutiny on surveillance and data protection continues to fuel demand for privacy-focused solutions. While the overall market may consolidate, these assets benefit from secular tailwinds. Position sizing matters here—this is conviction-level positioning for those bullish on the privacy narrative playing out over the next cycle.