While Monero is a privacy-focused cryptocurrency that addresses some of the concerns regarding anonymity and regulatory compliance, I believe that Bitcoin also has the potential to become a more private and secure currency in the future.

It is important to remember that Bitcoin and blockchain technology is still in its early stages of development, and advancements are being made every day to improve privacy and transparency. Efforts such as the Lightning Network, Schnorr signatures, and Taproot have the potential to greatly enhance Bitcoin's privacy and scalability.

Regarding the requirements of KYC and transparency, it is important to acknowledge that it is a necessary step towards legalizing and mainstreaming cryptocurrency. As cryptocurrency continues to gain traction in the financial industry, it is important to ensure that it is not implicated in illegal activities and prevent the illicit use of cryptocurrency. While some people may view KYC as an infringement on their privacy, it is a necessary step towards achieving regulatory compliance and legitimizing the use of cryptocurrency.

Overall, while Monero and other privacy-focused cryptocurrencies have their place in the cryptocurrency ecosystem, I believe that Bitcoin has the potential to become a more secure and private currency in the future with continued development and advanced technology.