Why Crypto Die-Hards Are Flocking to a More Secret Version of Bitcoin

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 14 May 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 14. A privacy-focused alternative to bitcoin called Zcash is winning over crypto evangelists. WSJ special writer Greg Zuckerman explains what’s got the crypto community so excited, along with the risks of the coin. Plus, Pentagon leaders say the war in Iran is costing so much that they’re running out of money for other operations. And New York’s Metropolitan Museum of Art has agreed to merge with the Neue Galerie, cosmetics billionaire Ronald Lauder’s esteemed museum for German and Austrian modern art. We hear from Journal reporter Kelly Crow about why that’s an important move for the Met. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In a world full of noise, long-term thinking stands out.
0:07.1	On the Capital Ideas podcast, Capital Group Leaders explore the decisions that matter most
0:12.4	in investing, leadership, and life.
0:16.0	It's a rare look inside a firm that's been helping people pursue their financial goals for more than 90 years.
0:22.5	Listen to the Capital Ideas podcast from Capital Group, published by Capital Client Group, Inc.
0:33.2	The Pentagon says the growing cost of the Iran War is going to leave them short of money for other operations.
0:39.7	Plus, why Bitcoin evangelists are hyped for a different coin called Zcash.
0:44.3	Bitcoin is just an object of speculation.
0:47.3	It's digital gold at this point.
0:48.6	And the argument for Zcash is it's digital gold plus because you've got this ability to shield yourself from the government.
0:56.2	And Anthropics AI model mythos helped researchers find a way to crack Apple's famously secure software.
1:02.8	It's Thursday, May 14th.
1:04.8	I'm Alex Osloaf for the Wall Street Journal.
1:07.2	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.3	We start today's show in Washington, talking about the consequences of the Iran War.
1:21.4	The war, along with troop deployments along the southern U.S. border, are eating up military funding.
1:26.9	Pentagon leaders say they could start
1:28.4	running out of money for operations this summer unless Congress passes a new wartime spending bill.
1:34.1	Defense officials also haven't said when they intend to ask Congress for more money for the war.
1:39.0	The latest estimate of the conflict's cost so far is $29 billion. In the meantime, the entire military is exploring ways to save money.
1:47.6	That could include holding back on training or denying flying hours for pilots.
1:53.4	Turning to the summit between President Trump and Chinese leader Xi Jinping in China,
	...

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