Has this guy lived in a cave?
- 'its principal utility is for illegal business dealings where anonymity is important'.
Bitcoin attracts speculators gaining a huge volume of $. Then this volume is actually moving fast with more vendors to accept Bitcoin giving the velocity of money a huge boost and gaining more value. I think we're in this stage now instead of 'All-bad-drug-dealers-use-Bitcoin-and-are-the-only-one-who-do-so'
Cheers!