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Could Monero Be the Next Bitcoin?

TheMotleyFool 
0 0 17.01.26
Could Monero Be the Next Bitcoin?:
 

If you want a shortcut to losing your money in crypto, start by buying an asset that people are saying is the next Bitcoin (CRYPTO: BTC) right after it makes a big price move. Nonetheless, if some investors are to be believed, Monero (CRYPTO: XMR) is one of the few coins that just might have a plausible claim to becoming the next Bitcoin, thanks to its defining capability, providing on-chain privacy by default.

But being obviously valuable is not the same as an asset being the next Bitcoin -- nor is it even necessary for something to be the next Bitcoin to be a great investment -- so let's unpack what's going on with Monero in a bit more detail and evaluate whether this privacy coin is a real candidate for displacing the king cryptocurrency.

Image source: Getty Images.

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Source Fool.com

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