The chief strategist of the consulting firm BCA Research Peter Berezin (Peter Berezin) said that bitcoin is just a scam, and in the future it will disappear from the global financial market.
During an interview on the Kitco News program, Berezin warned investors that bitcoin has no legal status and the first cryptocurrency is too often used by criminals and scammers. And while Bitcoin’s popularity for payments has increased, there are still too many transactions involving illegal activities.
“If you look at transactions using bitcoins, most of them will be associated with all kinds of illegal activities. At the same time, the share of transactions carried out by legitimate businesses is very small. In fact, the data suggests that the number of legal, legitimate Bitcoin transactions has decreased over the past three years, ”Berezin said.
Note that the strategist BCA Research did not provide the sources of his data. But he predicted that the first cryptocurrency will disappear as soon as regulators in most countries of the world develop a unified strategy for regulating cryptocurrencies.
Recall that a year ago, Elliptic conducted a study, according to which only 1% of transactions in the Bitcoin network can be associated with illegal activities.
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