bitcoin will probably have Confidential Transactions before it gets covenants (CATV) in the coming halving cycle... could get both but for sure private transactions have more importance for big bitcoin bankers i think

it's complete nonsense that chain analysis can actually catch very much flows of bitcoin, and wallets are increasingly respecting the "use address only once" mantra

explicitly trying to make it untraceable just makes a certainty about no inflation bugs impossible to be certain about, idgaf what the monaros say about how it can be fucking audited because you can't decode the amounts of transactions so how the fuck could that ever be possible then? ultimately not, that's the point, that's why UTXOs

you can even find references to the question in early discussions involving satoshi where he basically said much the same thing... UTXOs enable pseudonymity and supply audit... obfuscating the amounts breaks this property, and the place where the keys for a UTXO exist physically is unknown until they are already spent