Monero

A New Addition to our Portfolio

Dear Crypto Trader Reader,

You know who demands even more privacy than bitcoin allows? Not the criminals or drug dealers or bankers or embezzlers. 

The US government. All governments. 

A government makes huge transactions in often shady areas to fulfill foreign policy objectives that the populace is not always aware of. We can come up with countless examples in history but the need for financial privacy is more prevalent now than ever. 

That said, the cryptocurrencies that are well-built (we’ve done our dive) and offer greater privacy than bitcoin, are going to be valuable. 

AND, we happen to know something that is ABOUT to happen. 

You already know what big fans we are of the privacy use-case. No matter what happens, there will always be a need in the world for a fully private cryptocurrency. This was one of the main reasons people were drawn to bitcoin early. But because of technology, bitcoin is not private. Governments and tax authorities can trace it back to the holders. 

On the other hand, over 22% of the world’s economy operates under the radar. And this includes places where governments have failed their citizens, like Venezuela. Or highly authoritarian governments like China.

That is why zcash is a core part of our portfolio.

In our research, we believe that at least for the next few years, multiple cryptocurrencies will dominate privacy. So, to make sure we win in that sector, we want to add monero to our portfolio.

We recommend that you buy monero (XMR) when you get this alert. 

We expect news early next week that will add greater legitimacy for it being used in e-commerce in the United States. 

As we’ve learned with the rise of bitcoin's price, the more the public knows about a cryptocurrency, the higher it will rise over time. 

You can buy and sell monero on Kraken.com. 

Action to take: 

Add monero (XMR) 10% to our portfolio. We consider this a 1/2 position and would consider adding on a dip.* 

Sincerely,

Kamal Ravikant

Co-editor, Altucher’s Crypto Trader

*In order to add monero, either decrease everything else in the portfolio by 10% or add money to the portfolio to make this a 10% position. From now on we will be calling a 10% add, a "half-unit" and a 20% add a "unit", etc.