The attached chart indicates that in times of great uncertainty, the market rushes INTO Monero for safety. That rush to safety in both the Crypto Crash and Covid was before all the talk of CBDC’s. With the loss of privacy associated with CBDC’s in today’s environment, one might expect even more incentive to rush into a privacy crypto and or precious metals.
This increased incentive, countered by the reduction in liquidity by the delisting of XMR should result in a somewhat muted rise when banks fail and they’re on the verge of introducing CBDC’s as a replacement of the US Dollar. Incentives will be at an extreme, yet liquidity will be greatly reduced, dampening the sharpness and upper limits of peak during the heights of uncertainty.
My takeaway is that it may not go as high after a crash and you’ll probably have more time to sell before it corrects, but time will tell all.
That rush to safety in both the Crypto Crash and Covid
in that chart, why did you pick around May 1st 2021 as the date of a rush into safety because of the so called viruses thing?
it seems wishful thinking in your analysis or just wrongly naming the reason for that chart spike because the virus narrative started hard in all western world in March 2020 and that was the period of extreme uncertainty where all western governments and media followed the same agenda, measures and narrative, “casually” all at the same time, changing people’s lives thus creating uncertainty.
if you also agree March 2020 was a period of uncertainty, why there’s no such spike in the chart at that time?
