Bitcoin

2024 - 10 - 29

Is Bitcoin Really Just for Criminals? Let’s Dive In!

Bitcoin - Cryptocurrency - Dogecoin - Donald Trump - Ethereum - Investing - Kamala Harris - Market Trends - U.S. Presidential Election

Think Bitcoin is only for bad guys? Think again! Discover the real philosophical debate behind the blockchain. 🤔💰

Bitcoin has often found itself at the center of a strong philosophical dialogue, often being painted in a negative light. Detractors claim that it's a tool for criminals—terrorists, drug dealers, and hackers are allegedly the primary beneficiaries of this digital currency. This stereotype has, to some extent, shaped the perception of Bitcoin among the general public, casting a shadow over its technology's potential to foster free trade and financial independence.

However, to label Bitcoin merely as the "currency of criminals" ignores its fundamental value propositions. Bitcoin operates on a decentralized platform that aims to disrupt traditional financial systems, providing an alternative for individuals who may be underserved or outright ignored by banks. This feature empowers users in regions plagued by economic instability or oppressive regimes, allowing them to control their finances without the fear of government seizure or mismanagement.

Moreover, Bitcoin supporters argue that the crime narrative is overblown. In reality, the vast majority of Bitcoin transactions are legal and foster legitimate business activities. Institutions like Overstock and Tesla have adopted Bitcoin for transactions, showcasing its potential for mainstream acceptance. The philosopher in us can appreciate that humans, regardless of the tools at their disposal, have a long history of misusing technology — from the printing press to the internet. Thus, it's not the technology that's inherently bad or good, but rather how we choose to use it.

In this ongoing philosophical tug-of-war, it's crucial to consider where Bitcoin is heading. As regulations tighten worldwide, the dark web narrative might fade away to be replaced by a structured digital economy where users can reap the benefits of fast, borderless transactions. What’s essential is our approach to cryptocurrency, keeping an open mind while cautiously navigating this brave new world of finance.

Here's an interesting tidbit: Did you know that up to 90% of Bitcoin transactions are considered legitimate? It appears the crypto currency might have more than just shady associations! And here's another fun fact: Bitcoin was actually created in response to the 2008 financial crisis, driven by a desire for more transparent and secure financial systems!

Post cover
Image courtesy of "The Business Times"

Making a philosophical case for Bitcoin (The Business Times)

BITCOIN is for criminals. It's a tool for terrorists, drug dealers, and hackers, and a plaything for degenerate speculators.”

Post cover
Image courtesy of "Forbes"

Bitcoin Tops $72000—A 6-Month High—As Election, Inflation ... (Forbes)

Bitcoin just hit its priciest level since the spring as several market conditions, including next week's U.S. presidential election, impact the $1.4 ...

Post cover
Image courtesy of "Quartz"

Bitcoin passes $72000 and nears a new record as the presidential ... (Quartz)

This surge comes just a week before the U.S. elections, a period many traders perceive as bullish for the markets, regardless of the election outcome. Polls ...

Post cover
Image courtesy of "DL News"

Three factors driving Bitcoin's $71000 rally and what analysts say ... (DL News)

Bitcoin continues to rally as investors pile into the $1.4 trillion cryptocurrency. It's just 3% away from a new record after Bitcoin hit $71,500 on Tuesday ...

Post cover
Image courtesy of "Livemint"

Bitcoin surpasses $71000 for first time since June; What's driving the ... (Livemint)

Bitcoin Price Today: Bitcoin surpassed $71000 for the first time since June, driven by investments in dedicated exchange-traded funds and speculation ...

Post cover
Image courtesy of "Yahoo Finance"

Bitcoin Leads Crypto Surge on Tuesday (Yahoo Finance)

Cryptocurrencies rallied on Tuesday as funds flowed into the industry rapidly again. The biggest tokens were the biggest beneficiaries with Bitcoin (CRYPTO: ...

Post cover
Image courtesy of "FXStreet"

Bitcoin rises above 70k – Will BTC reach a new ATH? (FXStreet)

Bitcoin rises to 4-month high of 71.5k. Rising expectations of a Trump victory boost BTC.

Post cover
Image courtesy of "Barron's"

Bitcoin Tops $72000, Dogecoin Gets Elon Musk Boost. Why Cryptos ... (Barron's)

Bitcoin price passes $72000 on Tuesday ahead of the election between Donald Trump and Kamala Harris. Ethereum and dogecoin were also climbing.

Post cover
Image courtesy of "Yahoo Finance"

Bitcoin Surpasses $71000: Buy 4 Crypto Stocks With Growth Potential (Yahoo Finance)

Stocks like IBKR, CME, ACN and BLK are poised to benefit from the ongoing Bitcoin rally.

Post cover
Image courtesy of "Yahoo Finance"

Bitcoin Price Tops $73000 Ahead of Election Day as Investors Flock ... (Yahoo Finance)

Bitcoin traded around $73000 Tuesday for the first time since March, gaining traction ahead of the U.S. presidential election as investors poured billions ...

Post cover
Image courtesy of "Coindesk"

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High (Coindesk)

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

Post cover
Image courtesy of "Yahoo Finance"

Bitcoin Is on the Cusp of Topping Record High Reached in March (Yahoo Finance)

(Bloomberg) -- A surge in Bitcoin has put the original cryptocurrency on the verge of topping a record high of almost $74000 reached in March.

Post cover
Image courtesy of "The Straits Times"

Bitcoin on cusp of topping record high thanks to Trump trade (The Straits Times)

Bitcoin is viewed as a so-called Trump trade because the Republican presidential nominee embraced digital assets during campaigning. PHOTO: REUTERS. Updated.

Post cover
Image courtesy of "FXStreet"

Bitcoin set sight on new all-time high after briefly breaking past $73000 (FXStreet)

Bitcoin's ploy for a new all-time high follows Donald Trump's Polymarket odds on the 2024 election reaching new highs. Bitcoin (BTC) is trading around $72,200 ...

Post cover
Image courtesy of "The Star Online"

Bitcoin tops US$70000 for first time since June (The Star Online)

Bitcoin is viewed by some as a so-called Trump trade because Republican presidential nominee Donald Trump embraced digital assets during campaigning. Trump is ...

Post cover
Image courtesy of "Yahoo Finance UK"

Bitcoin Hovers Around New All-Time High, Ethereum, Dogecoin ... (Yahoo Finance UK)

Bitcoin pulled back from near-new highs Tuesday, while stocks rallied on Alphabet Inc.'s (NASDAQ:GOOGL) better-than-expected third-quarter earnings.

Post cover
Image courtesy of "Barron's"

Bitcoin Close To Record As Cautious Markets Eye US Election (Barron's)

Bitcoin was close to $73000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.

Post cover
Image courtesy of "Quartz"

What will happen to Bitcoin if Donald Trump or Kamala Harris win ... (Quartz)

The leading cryptocurrency is approaching a new all-time high ahead of the U.S. presidential election.

Post cover
Image courtesy of "Bloomberg"

Trump Trades: Bitcoin Is Boss, Bonds at a Loss (Bloomberg)

Crypto is along for the 'Trump-wins' ride, but a counter-narrative is emerging from economic data and the Madison Square Garden rally.

Post cover
Image courtesy of "INQUIRER.net"

Bitcoin close to record as cautious markets eye US election (INQUIRER.net)

Bitcoin was close to $73000 in Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.

Bitcoin surges past $73500 as US election speculation fuels ... (Economic Times)

Bitcoin rose to $73577, nearing its all-time high, driven by institutional demand and anticipation of a Republican election win.

Post cover
Image courtesy of "Barron's"

Bitcoin Nears Highs. Crypto Is Already The Election's Big Winner. (Barron's)

Whether Donald Trump or Kamala Harris wins the White House, the crypto industry already looks like the election's big winner. The 2022 crypto crash has ...

Explore the last week