Is Monero risky?

Could you please elaborate on the risks associated with Monero? I'm curious to know about its volatility in the crypto market and any potential security concerns. Additionally, how does Monero's privacy-focused nature affect its overall risk profile? Is it more risky than other cryptocurrencies due to its anonymity features? Also, what are the regulatory challenges facing Monero, and how do they impact its risk level? Thank you for your insights.