Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?
If you want to do something illegal, bad , or anything negative and you dont want to be traced then bitcoin transfer is the right thing to do that. Anything about it is anonymous but i dont think its still a hundred percent no trace at all knowing most of the sites and exchanges requires KYC nowadays.
Still you can be traced easily. In your first deposit you have to do a KYC in order to convert fiat to crypto. This is a starting point to be traced.
If you want not to be traced then the best solution is to use a crypto that confirms anonymity such as Monero.