Cathie Wood: THIS Is How Bitcoin Will Hit $500k
Research by the analytical company Chainanalysis showed that in 2019 the number of bitcoins used in illegal activities could reach a record level of $ 1 billion, even though their share in the total volume of transactions has decreased..
According to the report, for the first half of the year, the cost of military-technical cooperation involved in illegal operations is estimated at $ 515 million.
This figure will double by the end of the year, researchers suggest..
At the same time, the amount of bitcoins spent on illegal goods and services is decreasing. According to Hannah Curtis, CEO of Chainanalysis, such transactions account for only about 1% of total user activity this year, which is well below 7% in 2012..
The study said the $ 515 million worth of BTC was used for payments on the darknet. As noted, Hydra is considered the largest illegal market for shadow web resources with support for bitcoin. According to the report, BTC is the most preferred cryptocurrency for payment, followed by Monero (XRM).
Another recent study by the company showed that despite an increase in overall the volume of settlements in bitcoin, it still remains speculative, not a means of payment.
text: Ivan Malichenko, photo: Shutterstock