Crypto · The Breakdown · XMR
Private By Default.
Delisted Anyway.
The bull case for Monero as the people who hold it actually make it, and the case against at the same weight, including the exchanges that walked away and the week somebody claimed half the hashrate.
Monero is a proof of work cryptocurrency launched in April 2014 in which every transaction is private by default: senders, receivers and amounts are hidden using ring signatures, stealth addresses and confidential transactions. It has a permanent tail emission of 0.6 XMR per block. It reached a record $797.73 on 14 January 2026 while exchanges were removing it.
XMR Per Block, Forever
A permanent tail emission, about 432 XMR a day. Source: The Crypto Times.
Record High
On 14 January 2026. Source: CoinGecko.
Exchanges Delisted It
In 2025 alone. Source: The Crypto Times.
Circulating
On 19 September 2026, no hard cap. Source: CoinGecko.
The Bull Case, As Bulls Make It
Five arguments, stated at their strongest. This is the case the people who hold it make, not a forecast from this site.
Privacy Is Not Optional
Every transaction uses ring signatures, stealth addresses and RingCT, so the sender, the receiver and the amount are hidden by default. There is no transparent mode to fall back to, which bulls argue is the only way privacy works: if it is optional, using it marks you.
Fungible By Design
Because no coin carries a visible history, no coin can be refused for where it has been. Bulls argue that is what money is supposed to be, and that every transparent chain fails that test.
A Fair Launch
Launched in April 2014 as a fork of Bytecoin, with no ICO, no pre-mine and no venture capital. Nobody was given a head start on the supply. Source: The Crypto Times.
Mining Anyone Can Do
RandomX, adopted in November 2019, is designed to run on ordinary CPUs rather than specialised hardware, which keeps mining spread across ordinary machines. Source: The Crypto Times.
It Went Up While Being Pushed Out
It set a record of $797.73 on 14 January 2026, after Binance and Kraken had delisted it and while more exchanges followed. Bulls read that as demand that does not need an exchange’s permission. Sources: CoinGecko; Pluang.
The Case Against, At The Same Weight
The other half. If you skip it you are reading an advertisement.
The On Ramps Are Closing
Seventy three exchanges delisted it in 2025, and EU anti money laundering rules from July 2027 restrict anonymity enhancing coins on regulated service providers. Owning it stays legal; buying and selling it gets harder every year. Sources: The Crypto Times; Pluang.
Somebody Claimed Half The Hashrate
Qubic announced on 11 to 12 August 2025 that it had passed 51 per cent of Monero’s hashrate and later reported six blocks reorganised. The price fell 13.5 per cent in a week. A proof of work chain is only as safe as the cost of outspending it. Sources: CoinDesk, 12 August 2025; MEXC.
Privacy Attracts The Wrong Attention
The feature that is the whole argument is the same feature regulators name when they act. There is no version of Monero that keeps the privacy and loses the scrutiny.
The Supply Never Stops
The tail emission is permanent. At about 0.85 per cent a year it is small, but it is dilution that continues forever by design. Source: The Crypto Times.
The Next Upgrade Is Not Shipped
FCMP++, which replaces ring signatures with full chain membership proofs, was targeted for August 2026 as of May 2026. Until it ships, the privacy is probabilistic rather than provable. Source: The Crypto Times.
What I Take From It
Not advice. How the argument reads to someone who builds businesses rather than trades tokens.
Distribution Is A Product Feature
The best technology in a category still has to be reachable. Every delisting is a distribution channel closing, and distribution is usually what decides a business, not the product.
The Defining Feature Is Also The Risk
Monero cannot trade its privacy for acceptance without stopping being Monero. A business with one feature that is both the reason people buy and the reason regulators act has no easy middle.
Security Has A Price Tag
The Qubic episode is a reminder that proof of work security is an economic fact, not a permanent one. Somebody can always rent enough to test it.
Prices, market caps, supplies, all time highs and all time lows from CoinGecko, read 3 September 2026. Solana issuance and burn figures from Solana Compass, SIMD-0550 from crypto.news, Alpenglow from Kiln, BSOL from CryptoBriefing. Sui architecture and history from Sygnum Bank, the Mysticeti v2 figures from the Sui blog, the unlock schedule from Tokenomist. Zcash halving schedule from CoinDataFlow, the shielded pool and the Ironwood upgrade from Phemex, the Orchard bug from KuCoin, the NU7 vote from CryptoSlate. Render tokenomics from the Render Network knowledge base, RNP-006 and RNP-018, and from RenderCon 2026 coverage. Jupiter protocol figures from DefiLlama, the net zero emissions vote from SolanaFloor, the Litterbox Trust and the 70% proposal from the Jupiter Research forum. Chain level TVL, stablecoin and fee figures from DefiLlama. A snapshot on one day, not a live feed, and not a price prediction.
The Positions I Actually Hold
This page is covered, not held. These are, and they get the same treatment: both cases at the same weight, every figure sourced and dated.
Solana · SOL
The bull case at its strongest.
Sui · SUI
The bull case at its strongest.
Zcash · ZEC
The bull case at its strongest.
Render · RENDER
The bull case at its strongest.
Jupiter · JUP
The bull case at its strongest.
Bitcoin · BTC
Twenty one million, the halving schedule to April 2028, and the five strongest arguments against it.
Common Questions
That every transaction is private by default using ring signatures, stealth addresses and RingCT; that it launched fairly in April 2014 with no ICO, pre-mine or venture capital; that CPU friendly RandomX mining keeps it distributed; and that it hit a record $797.73 on 14 January 2026 despite delistings.
Regulatory pressure on privacy coins. Binance and Kraken delisted it during 2024, seventy three exchanges delisted it in 2025, and EU rules from July 2027 restrict anonymity enhancing coins on regulated service providers. Sources: Pluang; The Crypto Times.
No. After the main emission ended, a permanent tail emission of 0.6 XMR per block began, about 432 XMR a day. About 18.8 million were circulating on 19 September 2026. Sources: The Crypto Times; CoinGecko.
Qubic announced on 11 to 12 August 2025 that it had passed 51 per cent of Monero’s hashrate and later reported six blocks reorganised. The price fell 13.5 per cent in the following week. Sources: CoinDesk; MEXC.
No. Cody Wise is not a licensed advisor and does not hold Monero. This page sets out both sides of the argument with every figure sourced.
A Thesis You Cannot
Argue Against Is Not One.
Every position on this site is published with the reasoning and the counter argument attached. That is the whole standard.
Not financial advice.