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@ rafael.xmr 🗽
2025-05-05 17:09:08
That is not the full chart, the real one goes back to 2014 and the all time low was on december 2014. Not making a new all time low in all of its history means that bitcoin was never able to break a new high in Monero terms, and started falling again. Now that's the chart you should be worried about.
We are also talking about an asset that is loved by governments and corporations, traded everywhere, of very easy access, slowly becoming a strategic reserve of multiple nations and states, has billionaires with large bags to pump up the price, and just recently in this timeframe broke the mark of 100k USD.
The other asset in comparison has been hated, banished, delisted and supressed, is slowly becoming illegal across the world, a new EU law just passed making it illegal, and has to rely on its own community built P2P markets in order to survive
The fact that Monero is beating Bitcoin in all these conditions combined, is astonishing. It shows the true power of freedom, privacy, and decentralization. I'd still rather stay on the side of agorism and free market economics.
https://bitinfocharts.com/markets/poloniex/xmr-btc-all.html