whats the reasonable consensus on xmr price speculation? as someone pretty new to xmr (but not crypto), i feel like mcap is locked in because the xmr use-cases are pretty solidified at this point. thus price will fluctuate with btc (inverse correlation). any other takes/resources that contradict that? or any exciting medium/long term features being

scoped?

asking as im debating what % of my mining returns i want to immediately cashout vs hold in xmr

<g​ooglemozilla:matrix.org> s​piffyhippo XMR is not inversely correlated with the BTC market, contrary to what might be expected. In November, its Pearson correlation coefficient on the 360D timeframe was around 0.3 with BTC, which is the lowest among BCH, ETH, BNB, and other "top"

<g​ooglemozilla:matrix.org> coins.

<g​ooglemozilla:matrix.org> Although this correlation is far from inverse, Monero has been approaching negative correlation due to delistings since the Binance event. However, if it were to become inversely correlated, hedge funds would likely take notice. When that happens, firms that don't closely follow crypto will still invest in XMR as a hedging tool.

<g​ooglemozilla:matrix.org> I've been studying this trend closely and wrote about it in #monero-markets:monero.social where I shared some insights, but I must follow my company policy, so this is the most information I can provide publicly.

<g​ooglemozilla:matrix.org> matrix.monero.social/_matrix/media/…matrix.org/pCbsqRHLsmsQRgNjSkOAYmdF

<p​reland:monero.social> The potential value of Monero is actually quite high (note: potential) if Monero were to ever become a general usage currency. There aren’t any “shortcuts” for Monero’s price to go up, hence why it isn’t going up because of Trump. If the “circular economy” of Monero grows, Monero’s value grows. If it doesn’t, then it goes down. Any extra volatility is just that: volatility

i think a big problem is getting people to pay for things with xmr and also give up their address.

in an odd way, it would be better if it had point-of-sale support, then we're at the whole, need-the-chain problem.

<p​reland:monero.social> I

<p​reland:monero.social> Eh I won’t say anything yet, I’m still working on it

<p​reland:monero.social> Let’s just say that I am interested in seeing if it is *possible* for Monero to eventually become a universal currency