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The evidence for BTC being primarily driven money laundering is pretty overwhelming. Look into the correlation between BTC price and tethers if you don't believ

The evidence for BTC being primarily driven money laundering is pretty overwhelming. Look into the correlation between BTC price and tethers if you don't believe me; and just go look at what a tether does and tell me that's not just a chaotic-good version of money laundering. Also makes sense it would draw interest from anti-government types. I do happen to agree with the two points the author makes at the end of the article: either Bitcoin succeeds and gets invaded by corporate money / power or it fails and something takes its place, but there are going to be a lot of tears either way and people are going to blame the politicians because that's what they do.

cjbenedikt 9y ago
What evidence exactly? This is money laundering: In 2010 Wachovia Bank – now part of Wells Fargo – settled an action brought against it under US bank secrecy act to have laundered $378 billion of Mexican drug money and made a profit of $12.3 billion from it. It paid $160 million in fines and settlement costs. In 2012 HSBC was fined and settled for having laundered $7 billion of drug money between 2007 and 2008 and $19.4 billion of Iran related funds. In 2017 Deutsche Bank paid $630 million in fines and settlement for having laundered $10 billion of Russian assets. Explain to me how can launder that kind of money using BTC?