Monero ($XMR) is a secure , private and untraceable cryptocurrency which is used often on the dark web as a means of exchanging value.
Monero functions like Digital Cash. And it seems to follow Bitcoins original rise to glory , as Bitcoin was used on Silk Road and multiple other markets back in the early 2010's. Monero is untraceable , which governments fear. If Governments like France encourage and adopt counter measures to stop Monero being used , it will only encourage others to use it. This will drive more mainstream adoption pushing up the price of Monero. (It seems odd but if you make something illegal , it actually encourages the use of it. Example when marijuana was facing prohibition , it was "Illegal" and "Mysterious" which made people want to do it more.) They cannot stop a decentralized protocol which exists outside of their control.
The banks and governments it seems , will want to buy as much of this cryptocurrency , they can to ensure that they can control the supply of Monero and thus be able to "Slow" and or try to stop Monero from progressing further in its route. (which of course , they will pay a premium to do so)
A lot of people have vested interests in maintaining the network , and they will not let the network fall.
Monero is backed by many PhD's in cryptography , which has MANY research papers on the Cryptonote Protocol , Ring Signatures and other use cases of Monero.
Some coins such as $ZCash offers a "Trusted" setup , which is essentially , an accountant who has access to your offshore bank account. (And 20%)
Monero is a coin , which is PRIVATE BY DEFAULT. And doesn't have the "Trusted" Set up. Only you control your funds. No one else.
Of course 2.6k is a conservative speculation... But i'm assuming Bitcoin goes to $100,000USD by Q4 2019.
Which would make Moneros Value 0.026BTC or $2600USD by Q4 2019.
Ethics
Remember that money is simply a tool , and can be used for both good and evil. If someone gave you 5k , You could pay your rent or You can buy your kids some food. Or you can buy a gun. It's all up to you as an individual. Monero can be used for good and evil , but at the end of the day , it is secure and private and untraceable by default and it will rise in 2019.
Monero functions like Digital Cash. And it seems to follow Bitcoins original rise to glory , as Bitcoin was used on Silk Road and multiple other markets back in the early 2010's. Monero is untraceable , which governments fear. If Governments like France encourage and adopt counter measures to stop Monero being used , it will only encourage others to use it. This will drive more mainstream adoption pushing up the price of Monero. (It seems odd but if you make something illegal , it actually encourages the use of it. Example when marijuana was facing prohibition , it was "Illegal" and "Mysterious" which made people want to do it more.) They cannot stop a decentralized protocol which exists outside of their control.
The banks and governments it seems , will want to buy as much of this cryptocurrency , they can to ensure that they can control the supply of Monero and thus be able to "Slow" and or try to stop Monero from progressing further in its route. (which of course , they will pay a premium to do so)
A lot of people have vested interests in maintaining the network , and they will not let the network fall.
Monero is backed by many PhD's in cryptography , which has MANY research papers on the Cryptonote Protocol , Ring Signatures and other use cases of Monero.
Some coins such as $ZCash offers a "Trusted" setup , which is essentially , an accountant who has access to your offshore bank account. (And 20%)
Monero is a coin , which is PRIVATE BY DEFAULT. And doesn't have the "Trusted" Set up. Only you control your funds. No one else.
Of course 2.6k is a conservative speculation... But i'm assuming Bitcoin goes to $100,000USD by Q4 2019.
Which would make Moneros Value 0.026BTC or $2600USD by Q4 2019.
Ethics
Remember that money is simply a tool , and can be used for both good and evil. If someone gave you 5k , You could pay your rent or You can buy your kids some food. Or you can buy a gun. It's all up to you as an individual. Monero can be used for good and evil , but at the end of the day , it is secure and private and untraceable by default and it will rise in 2019.