Cryptocurrencies Are All About Speculation and Illegal Transfer of Money

Cryptocurrencies Are All About Speculation

Bitcoin (BTC) and other digital currencies started gaining popularity last year following the big tech companies’ interest in blockchain technologies. Moreover, cryptocurrencies’ ability to execute transactions semi-anonymously has added to the popularity. Consequently, people who want their transactions to be hard to trace enjoy the secrecy these digital currencies offer.

According to researchers from the University of Sydney, almost 44% of Bitcoin transactions were used for illegal purposes and 25% of all traders used Bitcoin for illicit reasons. The research further shows that these Bitcoin traders are expected to make close to 36 million transactions each …

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