Due to pressure from regulators, Binance delisted Monero. As a result, Monero is selling at a significant discount. IMO, this is a temporary dip.
As I write this, the national debt exceeds 34.2 trillion dollars, over 136% of GDP. Interest payments (757 billion) will soon exceed all military spending (858 billion).
Spending cuts are unlikely. Congress finds it difficult to even cut the rate of spending growth.
As a result, I expect that the government will both be increasing inflation, trying to increase the tax take, and looking to cut off exits from the fiat system.
Monero is already the currency of choice in drug markets due to its (relative) ease of use and strong privacy protections. I expect that as inflation increases, people will be looking to move their money to a currency that a) can't be inflated at will by the government b) can't be easily surveiled c) is easily transported/transferred in any amount.
Eventually, Monero and other cryptocurrencies will figure out censorship decentralized fiat on/off ramps. At that point, I expect demand for it to increase.
#archercrypto
#monero
As I write this, the national debt exceeds 34.2 trillion dollars, over 136% of GDP. Interest payments (757 billion) will soon exceed all military spending (858 billion).
Spending cuts are unlikely. Congress finds it difficult to even cut the rate of spending growth.
As a result, I expect that the government will both be increasing inflation, trying to increase the tax take, and looking to cut off exits from the fiat system.
Monero is already the currency of choice in drug markets due to its (relative) ease of use and strong privacy protections. I expect that as inflation increases, people will be looking to move their money to a currency that a) can't be inflated at will by the government b) can't be easily surveiled c) is easily transported/transferred in any amount.
Eventually, Monero and other cryptocurrencies will figure out censorship decentralized fiat on/off ramps. At that point, I expect demand for it to increase.
#archercrypto
#monero