Monero: Privacy erosion and Qubic-related sell-off — avoid new exposure
I'm not long Monero, but recent developments make me uneasy: the community appears willing to accept ID verification and other measures that erode the project's core privacy promise.
At the same time, reports that the EU seeks access to chats and a roughly 30% price dump linked to a suspected fake Qubic hashrate point to rising regulatory and technical risks undermining trust.
Given those factors, I would avoid adding exposure and consider reducing positions until privacy commitments and the Qubic situation are clearly resolved.
Analysis
Recommendation
Don't add new exposure and consider selling or reducing positions. Re-enter only after clear, verifiable commitments to privacy and an independent audit or resolution of the Qubic hashrate issue.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.