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Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins? -Breaking


What can a lesson from bimetallism teach us about the stability and long-term viability of Bitcoin?

Since the tail-end of 2021, the crypto market has been in a downtrend. The market plunged in May 2022 and had a similar impact on traditional markets. Speculation was removed from the market after the recent bust. The shakeup has been different from the past. We still have many active users who use the network, which is a significant increase from what we’ve seen in previous cycles. True believers and holders made it to the other end with much more success. As this happens, however, some are concerned about Bitcoin.BTCIt may be affected by the following factors: Privacy coins offer an economic incentive as well as utility.

In 2022’s first half, there were two points: inCrypto market rally huge dumpsMonero, a privacy coin (XMR), (DASHZcash (ZECThese altcoins have performed relatively well against. Is this a sign that an Crypto privacy is an underlying need?

Michael TaboneCointelegraph Research’s economist. As a PhD candidate and engineer as well as a business strategist and economist, he provides strategic consultancy to companies that specialize in DeFi and Blockchain. Michael is coauthor of several reports published by Cointelegraph Research. A quarterly report on venture capitalists is also posted to the Cointelegraph Research Terminal. His Ph.D. dissertation focuses on the practical application of DAOs in the business world.