All joking aside, when drug cartels realize their warehouses full of #cash are nearing zero value vs. #bitcoin, we all stand to benefit from their laundering dollars into #crypto.
The only question is how large of a bump we can expect.
Discussion
That'd be fuel for the regulators too.
I'm sure they'll launder it through the regulators. Squid pro quo or whatever. π
Woof πΆ Thatβs a tough question to answer even if we dug through all the former presidents togetherβ¦ no sauce β¦ it just is
Drug dealers park their money in cars and houses and property under baby momma name they dont care for slow money like bitcoin
Follow me here. According ti Statista, global GDP is approximately 105 trillion US dollars per year and climbing.
https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/
Currently, the UNODC estimates 2.7% of global GDP is a result of laundered cash.
https://syntheticdrugs.unodc.org/syntheticdrugs/en/cybercrime/launderingproceeds/index.html
That's more than 2.8 trillion US dollars per year (and climbing).
What's important to remember, is that the total amount of dollars stored off the books is much higher.
This cash,of course, isn't explicitly from the drug trade, but from all illicit trade.