New analysis by Lilita Infante at the U.S. Drug Enforcement Administration has shown that the dynamic between illegal activities and speculation on the Bitcoin blockchain has flipped over the past five years from being predominantly illicit activities to now predominantly speculative activities.
“The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the years in criminal activity, but the ratio has decreased. The majority of transactions are used for price speculation.’’
The article discussed that when Infante first started Bitcoin cases around five years ago that “her analysis of blockchain data showed criminal activity was behind about 90 percent of transactions in the cryptocurrency”. Since then, “illegal activity has shrunk to about 10 percent and speculation has become the dominant driver”.
https://www.dashforcenews.com/majority-of-bitcoin-transactions-are-speculative-dash-transactions-are-real-world-usage/
