Topic: Are the big funds washing money of btc? (Read 348 times)

Everything can be tracked if someone uses blockchain, for those who use bitcoin for money laundering purpose they will send the money through their bank account to bitcoin wallet that I think it can be tracked. I just confused when there is a government who still reluctant to accept bitcoin because they are afraid that bitcoin can be used for it but in fact, it's not like that.

I don't think the money laundering will stop. We know that many people corrupt out there, and they know how to send the money. They now have another option to use bitcoin or other coins to launder the money, but we don't know the purposes of the transaction which appears in the network. We only see the amount of the coin that appears on the blockchain explorer. It is difficult to stop money laundering as it needs many things to investigate.

I don't expect that with bitcoin, money laundering will stop. It won't but continue because blockchain doesn't really stop it but to expose it to the public when they search transaction. Because with blockchain, peer to peer doesn't hide the transaction.

For now there is a slight wait, the fact that in the USA presidential elections are about to be held, many point out that if Biden wins, the entire ecosystem of the Bitcoin and cryptocurrency market will improve, money laundering is a very broad topic, before BTC the money was laundered through FIAT money, the use of some technologies does not limit the fact of doing it through BTC or another alternative way.

They can do what ever They want no rules for them!! 
There was confiscation of the Dark bitcoins all around the World... What you think They just hold those btc??  Sure They are not They want money and They will sell it for cash.
The rules are working for small guys not for big guys
And Even when there is crime and so no body no FBI no CIA not mossad masons and secret Service Don't Care about morals all They want to know is where is the money!
Small guys Don't run the show They are just getting the small  pocket money when the small guys are fat enough the so called police fbi irs government will take it from them by taxes or Criminal allegations.
So recently They been taken a lot bitcoins around the World somewhere this bitcoins should end up

To sell that big ammount of Bitcoin They need alad lot liqutity.... And where is the big liqutity??
In USA with USA dollars off course!!

But how to sell something???
You need reason for that, Right?

Who are the Main customers in USA for cashapp??
Everybody knows that GHETTO people  

Will they buy bitcoin with Higher Premium price?
Hell yes!!

Will there will be more stimulus???
Hell yes!!! 

Will there will be more tax returns covid aid packetcs???
Hell yes!! 

And yee cashhpp will bring the btc to highest



Im not gona add nothing more but anyone who have Brain can undestood!!

I think the purpose of this thread is that the OP is upset that big corporations and funds are getting into crypto. Because you all know how it is in the end. The little retail traders are the ones that get screwed. Basically they buy up all the cheap crypto (BTC at $10K) and then sell it to retail traders at like $15K-$20K or so and they liquidate their positions.

However lately what is going on is different. People are worried about inflation and the dollar going down that they are pretty much parking their money into anything. Its risky holding US dollars these days. Bread is $2 today, in 2-3 years it might be $3.

Money laundering on a public register is a ton harder to do then in large amounts of cash within many entities which are unregistered an uncontrolled in moving those cash amounts.   Also dollar is an endless stream of trillions in pure cash flows, its far easier to hide anything you like in that system where as BTC I can look up everything that happens on any BTC address I get hold of and see how much was received exactly when etc.
     Its a fallacy basically, incorrect assumption based on not recognising the details.   In the TV series Narcos its goes over in quite some detail how the drug dealers became the richest men in the world and laundered the money all in dollars.

But it doesn't make sense if we go by your theory though, yes dark web will be dark web and no matter how hard authorities are tracking down, it will flourish. But it doesn't mean that this corporate boys are going to take advantage of it because there is huge risk on their end. If they want to liquidate and dump and make profit they will use other channels. So US, will not be a dumping ground and if they did, regulators are watching.

Nothing Scary life is business! 
Those big guys who wear nice suits and smile nice not some angels! 

Dark side is alalways there!

As we know dark people want to sell their btc  for good profit and whst they need is liqutity*

In my understanding of the OP post, it means to say that the US is trying to clean their money by using Bitcoin, and then dumping it so they can have clean money. Is that correct?

If that's the case, it seems like that's not going to happen. Nowadays, it really is hard to do transactions with Bitcoin when you're in the US. You can't even cash-out a dollar without KYC. So in my opinion, the country of the US will not be able to use Bitcoin for money laundering. It will never be in the US the people will consider cleaning their assets. Grayscale and Fidelity will surely avoid dumping Bitcoin. It's just that, the pump is expected after the US election.

Doesn't seem like you understood any of my questions then. Sure, look around all the scams in the world and tell me just how many are actually using Bitcoin. The worst possible currency to use for crimes when you've got Chainalysis and regulators already eyeing all these corporate buys, with transactions publicly traceable. How's anyone going to launder billions and trillions when all these corporate buys barely register 100s of millions?

We all do lol
Perhaps after reading a random article about how there is large amount of bitcoin traded and or transfered from US based company , he jumped into conclusion that those people doing dirty work with the unusual movement in blockchain transactions history.
That is my guesses.
Meanwhile money laundering cases in US often occured through the casino operations and bitcoin space have the perfect spot for that. It is just suited to this accussation.

Corporations are treating Bitcoin like a hedge and also some interesting free, but risky, advertising.

When a company buys Bitcoin it lands in the news, the CEO gets invited to TV shows. It's all about publicity.
If you show yourself as a Bitcoin investor you look smart like you know something others don't and as a bold person ready to buy something unknown and volatile.

They aren't going to waste money trying to destroy it because they are not competing with Bitcoin and laundering money through a public blockchain isn't smart.

Also why risk charges for laundering 50 million dollars when you have 500 million in assets?

There is literally zero connection with places like grayscale and dumping of dark money into market. These big companies have investors and their investors can be provided at a moment's notice to SEC whenever requested, these are companies that are registered and legit and they are not some off-shore small timers, they are hundreds of millions of dollars big, so they have to be registered and audited constantly.

This is why I disagree that dark money is dumped into USA economy via investments like these. Is btc used for washing money? That could be done, if you remove USA as a whole and these big corporations, there could be some money washing in smaller exchanges to get money back and make it look like it is legit bitcoin profit from your previous purchases in other smaller nations if you pay the tax as a bribe to that nation.

Look all those scams around the world and dark web activity the big companies will take some% to lounder the btc into cash depends how much is the fee to lounder I think they go 50/50 deal  so
The Dark people  want at least  15-20k per bitcoin
If they sell it

Man just as I thought I've really been missing entertaining the questions of that nature, boom, back with a vengeance.

1. How do you "wash" money by first announcing all those corporate buys?
2. Is a few hundred million enough to launder? The sums bought so far aren't even enough for slush funds of a single politician.
3. Why choose a currency whose ledger is public and unalterable?

LOL. 

Where do you get the news? Please do share as I am intrigued with how/whom you are receiving it.
It might become more clear to us and maybe it could save some ass for those who are in panic and near selling point.

14-15k is not that far. It may or may not reach it. The new event that will happen is the US presidential election.
It sure will affect the stocks but I don't know about bitcoin.
Maybe, after the election something will spark.

because USA is the new China.

if you go back a hundred pages in this forum and look at topics from a couple of years ago you will see the same exact topics with the similar content as nowadays with the only difference that the word "China" is being replaced by the word "USA"

And US are trying to take down some of the illicit activities.


I'm not really sure if Grayscale and Fidelity will dump bitcoin though. So it's more a investment on their side, so they are looking for bitcoin to grow so that they will make profit. So it doesn't make sense if they are going to dump it. Bitcoin has increased in the last 24 hours, going as high as $11,300 now, so $14k-$15k are within reach.

I have trouble understanding what you are trying to say.

By washing money, what are you talking about? Money laundering? Pretty sure the big funds cannot get away with laundering that much money, also their money is legit, why launder it in the first place.

What do you mean by dark markets? The illigal drug markets or some dark pools like the OTC markets that most BTC miners sell their bitcoins on?

Lately there was lots of positive news, latetly with Sqaure which invested lots of their funds in BTC. Pretty sure they are investing in BTC because there is nothing really these days to buy that not overpriced. TSLA, APPL, most of the large cap stocks are all at all time highs, bitcoin is half way to its ATH and seems like a better odd.