How can someone who is from day one profit-oriented care about privacy?
Only a few were involved in Bitcoin because of its decentralization and privacy feature in the past, and few of them still know the importance of privacy and protecting it, and only a few of the new users consider it important.
I hear cheers when Michael Saylor announces another huge bitcoin buy or when another company jumps on the bandwagon of starting up a crypto treasury. I have the opposite reaction, because those people and institutions are
the man, people. I don't think any big company is buying up Monero to basically cook their books and make it look like their core business is more profitable than it is. All of this talk about privacy, and yet there's this big elephant in the room: you can jump through all of these hoops to try to make your bitcoin usage more private, but if you really wanted privacy why not use a coin that was purpose-built for it and didn't have to have a bunch of layer 2 strap-ons to make good
after the fact?
You raised some interesting concerns in this as, this isn’t the case with what we’ve seen. Like the name implies, they mainly stands for the treasury of their buys and very few of them care about its development as it is. Using a coin for the purpose it was made would have been a more effective direction but, we just know that isn’t going to be the case anytime soon. When it’s more about the treasury of the buys, it’s a narrative that they spread too to even petty or small investors.