I would never argue that there is no black market adoption, but the regulation brought in recently is huge. to pay via crypto in most major economies you have to be KYC'd so it would detract from that style of economy.
100% agree that the black market exists but the comparable percentages from fiat to crypto and use in those nefarious activities would vary greatly. Using that graph below and saying it is $600M the current market cap of the crypto economy is $270 Billion, so that's about one fifth of a percentage point of total circulating value.... not significant in my opinion.
It was a hugely different story in crypto 5+ years ago, but sadly or not sadly (depends on your view of freedom) the KYC regulations now are so strict that you just couldn't get away with that scale of Silk Road etc.
- Forums
- ASX - Day Trading
- Day Trader’s Weekend Aftermarket Lounge 29-31 May 2020
Day Trader’s Weekend Aftermarket Lounge 29-31 May 2020, page-180
-
- There are more pages in this discussion • 120 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online