Part of it is the $330M BTC swap. BTC still acts as a bridge from cryto to fiat due to regulatory adoption. Without XMR regulatory adoption, it will be a black box to store value because it would be difficult to get a loan or post as collateral. So I think capital will continue to flow to BTC more so than XMR. Also to exchange XMR to “clean” BTC will also demand a premium.

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If you remember, we read the same thing said to BTC years ago.

There is one key point to learn: adoption is what drives acceptance, instead of the other way around.

Yea good point on the adoption curve and inevitable need for society / government to adapt. Speaking of privacy projects, what do you think about Zano? It has a lot of potential but it seems the dev team is very much centralized.