Cryptocurrency industry has recently experienced a sharp decline and the market has been bloodied again.
Privacy-focused altcoins have not been able to get away from this, either. A famous crypto analyst, on the other hand, thinks that privacy-oriented altcoins can get a serious jump, especially after a development.
Privacy-Focused Altcoins Expect It
Famous cryptocurrency analyst InvestAnswers, He stated that he is skeptical of privacy-oriented cryptocurrencies, but that may change.
The famous name thinks that these will come to the fore if harsh regulation comes to the crypto money industry and people want to hide their movements.
For privacy-focused cryptocurrencies to be successful, they need to acquire institutional money. I think especially venture capitals are bad in these matters and investments made in companies like Microsoft or Google or Facebook may not be open to these privacy coins. Privacy-focused cryptocurrencies may remain in the background until serious regulatory environment comes along.”
Especially in the recent period, the increasing regulatory pressure may make the situation that the analyst expects to come true very soon.
In particular, tracking crypto money transfers and exposing exchanges to it may be the biggest reason, according to the famous name.
Among the privacy-focused altcoins, the most well-known are Monero, Zcash, Beam, Grin and similar cryptocurrencies are known to exist.