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There is always so much FUD about BTC (and Crypto in general).
Sure it is a very volatile market, and you can notice it very easily:
But definitely it is not the method of payments that criminals prefer.
Talking about Bitcoin, many people think it is anonymous, but most of them have no idea that every transaction is transparent and the whole world can see all of them.
SO WHICH KIND OF PAYMENT IS PREFERRED BY CRIMINALS?
CASH! (USD MOSTLY, EURO TOO)
In fact, the most difficult thing for criminal is to launder their dirty money!
Here some fines (to banks or other financial institutions) for just money laundering in recent years:
- Wachovia - $160M
- Deutsche Bank - $670M
- Bank of Australia - $700M
- ING - $900M
- Citigroup - $237M
- Standard Chartered - $967M
- Commerzbank - $1.45B
- HSBC - $1.90B
- JPMorgan - $2.05B
Did they close them? Nope.
Did they fire anybody? Nope.
Did somebody spend time in jail for it? I don't think so.
Most people don't realize how the modern bank system works and they believe whatever the news feed them.
BTC and the crypto world are a way to take some of their power and give back to the people!
So I will never understand why some people are still so skeptic about Crypto.
Do you want transparency? There is!
Do you want wealth redistribution? There is!
Do you want to fight the bank system? Join Us!
I hope more and more people will join the Crypto revolution.
I am not saying that you should invest 100% of your portfolio/cash, but a part of it definitely yes (just money people can afford to lose or you don't need).
PS: I’m not a financial advisor, never invest all your money in crypto, to have a stop loss is very important!
DO YOUR OWN RESEARCH before investing your money.
