Monero and other privacy cryptocurrencies: Buy or pass?

Several privacy-oriented cryptocurrencies have had an exceptionally good year so far price-wise, and they have been roundly outperforming Bitcoin.Q3 2020 hedge fund letters, conferences and moreThe best-known privacy cryptocurrency, Monero (XMR), is up about 80% against Bitcoin this year, and the second best-known, Zcash (ZEC), is up about 50% against Bitcoin.Although it’s tough to attribute their performance to anything in particular, likely contributing factors include growing regulatory scrutiny around Bitcoin, the closure of “traditional” Bitcoin privacy solutions like coin mixers and heig…

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HEDGE accordingly