Drug Money and the Rise and Rise of Bitcoin

[warrior333]

Yes Drug money are into bitcoin too here in my country they use bitcoin as a payment gateway and also those big fishes they are using bitcoin to pay drugs online and it will be delivered at the clubs i don't know why people are always find there way to sell drugs even in online i see lots sellers now who accept bitcoin lmao.

Well, you get bitcoin for drug trafficking what's next? You will need to transfer this amount in Fiat. How you do it. If you get into the sphere of interest of law enforcement agencies that they are sure you will find. Every person leaves traces in the Internet. Fiat's much easier to hide. Bitcoin is used for such purposes only Amateurs.

[VuLDK]

Ok, I know you're probably saying 'WTF man!', but here me out because it could be plausible.

I just saw the movie called 'American Made'.  It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA.  The thing is he made a lot of money that...  Like 'he doesn't know where to put them' a lot...  He buries bags full of cash in his backyard ffs, just like how Escobar did it.

Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive.  Lol.

Then it occured to me...  Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?

What do you guys think?

I do not think so, btc increased just because the investors are speculation, no matter what drug cartels are manipulating

[tunctioncloud]

They probably buy bitcoins from time to time, but they are obviously not the main reason behind Bitcoin price rise. I would rather say it is the Bitcoin future from Chicago Mercantile Exchange.

[tokeweed]

Ok, so said it was the upcoming hard fork that was making Bitcoin rise to new ATH.  Now that it has been cancelled, it's still going up.  What are they gonna say now?  It's the upcoming Bitcoin future's market?  Lol.  I mean really...  I'd like to see my drug money theory disproved but I haven't seen one compelling argument made.



That was Pablo Escobar's cash in the 1990's.  He didn't know where to put them.  That's not even all of them, just a 'small' portion, and that's just from one cartel.