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title: "Timeline photos Due to pressure from regulators, Binance delisted…"
date: 2024-02-10
source: facebook
type: Archer T. Ships added a new photo.
---

# Timeline photos Due to pressure from regulators, Binance delisted…

*February 10, 2024 · Facebook*

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![](img/2024-02-10-fb-004-img01.webp){style="max-width:100%; margin:1em 0"}
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Due to pressure from regulators, Binance delisted Monero. As a result, Monero is selling at a significant discount. IMO, this is a temporary dip.\
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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).\
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Spending cuts are unlikely. Congress finds it difficult to even cut the rate of spending growth.\
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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.\
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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.\
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Eventually, Monero and other cryptocurrencies will figure out censorship decentralized fiat on/off ramps. At that point, I expect demand for it to increase.\
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#archercrypto\
#monero
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