Since Bitcoin was ever released, I've thought of the possibility of this. Will crimes be easily funded now due to bitcoin and it's anonymity? How do you think the authorities will combat this? Will this lead to a decline in the price of bitcoin? I've had this on my mind for a while now and I would like to hear your guys opinions.
Yes, there are a number of criminals who use bitcoin, which is believed to lead to a rise in crime, so many countries ban it. But I don't think so. Bitcoin has little to do with crime.
Even if bitcoins will used in many crimes it cannot affect the price like any other currency for example if someone makes a crime and demand a bunch gold for ramson will the price of gold decrease? I dont think so banning bitcoin is not a solution to stop a crime.