Chart shows silver priced in Monero. Note that it's hit a recent low, meaning it takes less Monero to buy the same amount of silver. Timing is looking good for rebalancing or if you suspect grid down scenarios playing out as the election approaches.
The attached chart indicates that in times of great uncertainty, the market rushes INTO Monero for safety. That rush to safety in both the Crypto Crash and Covid was before all the talk of CBDC's. With the loss of privacy associated with CBDC's in today's environment, one might expect even more incentive to rush into a privacy crypto and or precious metals.
This increased incentive, countered by the reduction in liquidity by the delisting of XMR should result in a somewhat muted rise when banks fail and they're on the verge of introducing CBDC's as a replacement of the US Dollar. Incentives will be at an extreme, yet liquidity will be greatly reduced, dampening the sharpness and upper limits of peak during the heights of uncertainty.
My takeaway is that it may not go as high after a crash and you'll probably have more time to sell before it corrects, but time will tell all.
High quality wallet designed and sold by ESSENTIA at Winter Comiket 2023 (C103) on Dec.30/31st. Features a print of ESSENTIA OC "Whiteberry" on front, ESSENTIA logo on back.
20cm high x 9cm wide x 3cm deep
Multiple pockets and card spaces inside.
Selling via MoneroMarket, follow link to sign up/purchase:
https://moneromarket.io/listing/73791b1f-e0f8-419a-844e-765caf421ff9
Anyone know why they decided to close down?
