Using Bitcoin for Illicit Purposes Is Harder Than Using U.S. Dollar

The numbers speak for themselves.

Smear campaigns by politicians, central bankers and economists have succeeded in creating a true urban legend around Bitcoin. Listening to these fierce opponents of Bitcoin, Bitcoin is said to promote money laundering and is used more than the U.S. Dollar for illicit purposes.

The problem with this type of urban legend is that the general public ends up believing it, and no one tries to study the numbers to challenge the legend.

However, a study of the actual numbers shows that Bitcoin is used less than the U.S. Dollar for illicit purposes. In this story, I will demonstrate this.

I will go even further and explain why it is actually more difficult to use Bitcoin for illegal purposes than the U.S. Dollar and the current system.