A $1 Billion Industry: Bitcoin Use in Dark Web Markets is on the Rise

Due to its nature as a pseudonymous, private, non-sovereign crypto asset, Bitcoin’s first major use case was as a medium of exchange on dark web markets.

Silk Road, a well-known, now-defunct dark market where dealers could peddle everything from marijuana and fake passports to malware and asthma inhalers, spawned many early Bitcoin pioneers, acting as an on-ramp for individuals into the broader cryptocurrency industry.

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