Yes, Criminals Use Bitcoin: They Also Use Cars, Cash, Mobile Phones, and the Web…6.6

In the ten years of Bitcoin’s existence much has been made about its supposed utility for criminals by the mainstream media. The latest example comes from the UK’s Daily Mail, which has made a big deal about the digital currency’s use in the case of a nurse using the dark web to deal pills out of California.

However, given that criminal acts are estimated to account for less than 1% of all transactions occurring on the Bitcoin network, such headlines seem entirely unjustified. Yes, Bitcoin has been used for criminal activities but so has just about every technological advancement ever – cash included.

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