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There are rational reasons for buying Bitcoin - most of them revolve around money laundering, drug trades, and ransomware. This is the reason we should enforce

• rawtxapp 5y ago
  > most of them revolve around money laundering, drug trades, and ransomware. You need a citation for that, because according to experts “In 2020, the illicit share of all cryptocurrency activity fell to just 0.34%,” reported Chainalysis [1]. For many, it's a hedge against inflation, for others it's the next potential global reserve currency, for some it's just a savings mechanism. There are more rational reasons than just crime that you're ignoring. 1: https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/crypto-crime-caveats/ https://www.thomsonreuters.com/en-us/posts/investigation-fra...
  • Jensson 5y ago
    > In 2020, the illicit share of all cryptocurrency activity fell to just 0.34%, Is the takeaway that the crypto bubble stands for 99.76% of the activity?
• cdiddy2 5y ago
  Tell that to the people in Turkey who had there currency fall 10% against the dollar just this week. Tell that to Argentinians, or Nigerians, or Afghanistan. You might be surprised by the places where crypto has the most penetration. https://bitcoinist.com/cryptocurrency-adoption-highest-5-countries/ https://bitcoinist.com/cryptocurrency-adoption-highest-5-cou...