Bitcoin currently has a tiny market cap (1.3 B USD) compared to USD (~6 T). [1] Average BTC transaction volume is around $35 M USD/day or roughly $12 B USD/yea

Bitcoin currently has a tiny market cap (1.3 B USD) compared to USD (~6 T). [1] Average BTC transaction volume is around $35 M USD/day or roughly $12 B USD/year. [2] This is comparable to stock market capitalization (57.5 T) to USD (6 T) currency ratio (10x). If you were a mega kingpin, you'd be forced to use other means of cash washing (art, metals, jewels, etc.). There isn't enough volume in BTC to wash great amounts of money unless something more clever were used (such as using BTC to cover escrow/insurance, but not normally transacted). (Are there black/grey market insurance carriers? I'm guessing there are with %75 confidence.) [1] http://bitcoincharts.com/bitcoin/ http://bitcoincharts.com/bitcoin/ [2] http://blockchain.info/charts/estimated-transaction-volume-usd?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= http://blockchain.info/charts/estimated-transaction-volume-u...