According to a market expert, decisions taken to regulate cryptocurrencies may prevent institutional investors from investing in a particular altcoin sector.
“One sector of the altcoin market will be disrupted when regulation comes”
As the host of YouTube channel InvestAnswers revealed in a recent interview, cryptocurrencies that hide transaction data and enable users to maintain anonymity and hide their actions There are fears about investing in privacy coins. The analyst explains why he is skeptical about privacy coins:
For privacy coins to be successful, they need to raise institutional funds. I know people in the audience believe that things like VCs (venture capitalists) are bad, but if VCs were bad, something like Microsoft or Hewlett-Packard or Google or Facebook or Tesla or SpaceX would never have happened. These are the people behind all these successful companies and the problem with hidden money is that it will always come under very high regulatory scrutiny and therefore institutional investors will not invest…
“Secret (SCRT) I wouldn’t invest in )”
Among other cryptocurrencies, the analyst shares his reservations about SCRT:
These profitable ventures are all owned by the same people, and the issue with privacy cryptocurrencies will always be scrutinized by regulators and therefore will not be invested by institutional investors. I believe there is a need, but these are the first things to break down as regulation comes in. There is no upward price movement either, and looking at the tokenomics of the SCRT token, I would not invest: there is no maximum supply. It doesn’t look like anything good.
A few cryptocurrencies operating in this area:
- Monero (XMR)
- Zcash (ZEC)
- Oasis Network (ROSE)
- Secret (SCRT)
- Decred (DCR)
- Horizen (ZEN)
- Keep Network (KEEP)
- Pirate Chain (ARRR) )
- MobileCoin (MOB)
- Status (SNT)
- Verge (XVG)
- iExec RLC (RLC)
- Dusk Network (DUSK)
- Dero (DERO)
- Haven Protocol (XHV)
InvestAnswers server whose analysis we share asKriptokoin.com , still considers the leading cryptocurrency a risky asset:
As with the ongoing Bitcoin conference right now, I think people are expecting great groundbreaking news and if it doesn’t, there will be a lot of disappointment. I also see a lot of money flowing into different assets. Bitcoin is not a big black hole. It’s the hardest, most pristine asset in the world, but now there are just too many distractions to invest your money in.”
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