the future is looking very bright for monero, put on your sun glasses guys
Interesting set of words coming out of Moon Man, but I agree to some degree and would like to quote gicafranaru from reddit
"...most of the people hiding money in tax heaves do so to avoid paying somewhere around 10-50% tax on their money. No sane rich person would put all his hidden money in cryptocurrencies for now, the volatility risk is way bigger than the tax they would have to pay in their home country. Cryptocurrencies will be considered as alternatives when they mature, and volatility will drop to an accepted level of risk."
So we still have a hill to climb. Another good one for this occasion: "We are on top of the mountain and we are only half way there".
Considerating that the crypto volatility tends to be like plus 100% every 4 months I can see this process self sustanly accelerating. So let´s say they only try with 1% of his hidden money at the beginning. Crypto also has this natural addictive property and snowball effect.
If you consider as well that global economy is about to totally and catastrophically collapse sometime in the coming 24 to 48 months it seems like we have the perfect storm ahead
I mean i'm more than happy for them to join the boat with anything, just probability of hiding 1% instead of looking for offshore "bank" or 3rd party for 100% is just not rational. Sure maybe you would want to dip toes into the water to see if it works.
If we add collapse into the mix i'm sure it's because dollar is not world's reserve currency anymore and hyper inflation is kicking in, so ppl would have much more to think about than rising XMR price in inflating dollars.