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Though I partially agree with the concept, the problem is you'd still need to convert your Bitcoin to and from Monero and that touch point is really difficult to maintain privacy.

Also, for spending, you'd need a wide adoption, otherwise you'll be forced to spend to a third party who can facilitate payments from one currency to another and when said money cannot store value effectively, adoption is even harder to catch on.

Or am I wrong?

Azz 10mo ago

With Bitcoin becoming a darling of the banking industry and Monero being delisted off exchanges, do you think the price of monero will keep falling?

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Ava 10mo ago

Not sure what you mean. The price of Monero is not falling. "Monero price is +58.66% over the last year."

https://www.kraken.com/prices/monero

Delisting Monero makes it more private.

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Azz 10mo ago

I meant against Bitcoin. My point is that I don't think that trend will continue indefinitely. if Bitcoin increases 10x, it will be a sizable percentage of global wealth. It is bound to face head wind as it starts affecting the price of other assets. Attempts to constrain it to digital gold will open the way for monero to grow as P2P cash. long term I don't think the downward trend against Bitcoin will continue unless Bitcoin privacy increases and it improves as P2P digital cash. Monero is either the catalyst to force Bitcoin to remain relevant or the future.