Following Big Orange's perspective. October's market performance was terrible, but the privacy sector is defying the trend. Ever since Wall Street stepped in to take over BTC and ETH, even the leading mainstream coins have been in a 'semi-surrender' state. BTC's fate is becoming similar to gold—once the U.S. government intervenes, it will soon be locked away in the basement. They won't kill it, but they can bury it. Moreover, as time goes on, the SEC will gradually figure out the identities of most BTC holders. The data from CEXs will eventually be handed over to the government—there's no doubt about that. In this context, new players are needed to replace the original 'privacy' and 'decentralized' trading roles. Hype is decentralized trading, while privacy coins will give rise to new industry leaders.