/biz/ - Business & Finance

>>52825028
>but apparently multisig is busted, which prevents institutional investment
Monero is avoided by institutional investors because:
>1. it's an altcoin
>2. is perceived to be only useful to criminals (watch the John Oliver segment on monero)
>3. because of reason no. 2, there's a risk that regulations will cause delistings and/or become entirely sanctioned like tornado cash
>4. lackluster price action likely due to exchanges like Binance and Poloniex selling paper monero and preventing withdrawals
>5. the rest of the FUD we've already heard a million times. Muh auditability, muh scaling, muh infinite inflation, muh ciphertrace, yada yada yada
Monero will never get institutional investors the likes of which bitcoin and ethereum have. That being said, monero will definitely be attractive to rich investors and politicians who need a new and better way to launder their money and hide their wealth.

>>52825364
We're #4 on the list that matters.