[Hammad_khaan]

A person mentioned that Bitcoin is heavily used for money laundering and similar activities. How authentic is this, and does it affect rates, like what's happening right now?

[fallingsquirrel]

https://mitsloan.mit.edu/sites/default/files/2022-06/Bitcoin...

> illegal transactions, scams and gambling together make up less than 3% of volume.

[bryanlarsen]

In other words almost all of the actual transactions, since the other 97% is almost purely speculation.

[Hammad_khaan]

How? Any proof?

[fallingsquirrel]

Did you read the paper? I'm not going to hold your hand.

[Hammad_khaan]

sorry my bad. I missed it completely