I think in the short term we will see a decline but it won't go back down below $100.
But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Do we still want Monero on Coinbase?But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Absolutely! Coinbase has more accounts than Charles Schwabb online, which makes it the perfect on-ramp for Monero. Where it goes once it leaves Coinbase is out of their control and is totally private from that point on. Governments may be able to control the on and off ramps but they can't control the technology.
If that happens, we will be in for quite a ride!
