One argument against #Monero was that having privacy at the base layer would lead to delistings of #XMR from regulated entities. This has been proven to be true, however the argument that #Bitcoin transparency coupled with second layer #privacy enables the best of both world is unlikely to be true. Only, KYCed #BTC will be allowed to interact with regulated platforms. You may still get privacy on Bitcoin but like for Monero, non-KYCed bitcoins will only be usable with non-regulated parties. My conclusions is that the only way out of the Matrix is to grow a circular economy entirely based on #crypto.