Speculators became the dominant group behind the bulk of Bitcoin transactions and outstripped criminals and drug dealers, Bloomberg reported, citing Lilita Infante of the US Drug Enforcement Administration (DEA).
Five years ago, Infante’s analysis of blockchain data revealed that illegal activities accounted for about 90% of all Bitcoin transactions. However, the trend has changed completely, and currently, just 10% of transactions can be attributed to criminals, while speculators are currently the leading drivers of the market.
However, despite making up only 10% of the BTC turnover, criminal activity has actually increased since 2013, which indirectly reveals the rapid pace at which the speculators have conquered the space....
This article appeared first on Cryptovest
