

You know the story about the Somali pirate stock market?
Think that, but times 1000.
Bitcoin is mostly used for illegal shit. Mostly drug trades, but anything else criminal as well. Want to buy guns, whores, even a hitman? Bitcoin.
The drug trade basically created the value for Bitcoin. And then the traders who already had lots of it when people began hyping Bitcoin became richer and richer.
Which annoys me a whole fucking ton, because at one point I had over 120 Bitcoin in my possession. Should’ve saved at least one and I wouldn’t be in this problem. Well, honestly, I would, because I’d have probably sold it at 500 or something.
Back when I had then they were worth 1e a piece. Ordered me some drugs, so I never bought them as an investment, just as currency.
Tldr Anyway yeah investing in Bitcoin is essentially funding drug cartels.
Source for what? For my personal experiences? For me having purchased drugs?
Or the amount of marketplaces, interactions in the marketplaces, and their values?
We can’t quantify the size of the illegal drug trade, but it’s in the hundreds of billions, if not trillions.
Hell, if only any of those marketplaces were open anymore, I’d have had probably now worth thousands in Bitcoin because a portion of them remained after my shopping. I didn’t have a local Bitcoin wallet, the stores had wallets you’d transfer into.
But yeah they switch so often, after either cutting and running or being caught.
But yeah, that’s what made Bitcoin a bit more mainstream, but the value radically shot up once people began seeing it as something worth investing in, since the value was growing relatively fast even without there being investors.
I don’t know what you’re asking a source for, exactly.
https://en.m.wikipedia.org/wiki/Illegal_drug_trade
And those are honestly very conservative (and bad) guesses. Of course it’s much larger. You can see if you google it, none of the guesses are even similar to each other, lol.
Also, remember there’s a hugely popular show called “how to sell drugs online - fast” or smth. It’s just everywhere. But people pretend it isn’t. It’s fascinating to me, the willfull ignorance.
We have to legalise all drugs to actually get them under regulation.