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Question: Do you agree with Dennis Gartman for saying bitcoin is for criminals and millennials?
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Author Topic: [2017-11-14] Bitcoin is a market for criminals and millennials, Dennis Gartman  (Read 4365 times)
DannaWonder
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November 16, 2017, 07:14:47 AM
 #21

I agree that bitcoin is really for most millenials but not on the statement that it's for criminals. They are always magnifying that bitcoin is an evil tool for criminals but not considering that fiat is also used until today in ransom, drug trade and other terrible criminal activities.

Maybe millennials because most millennials knows how to use computers and since bitcoin is a crypto currency it will be more understood by millennials than other generations. Bitcoin being used by criminals are just made by some people. Even fiat currencies are being used by criminals on they wrong doings.

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November 16, 2017, 08:04:15 AM
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I agree and disagree. My point is that Bitcoin is a tool a money in digital form anybody can use since Bitcoin could not be able to differentiate whether the user or owner is a criminal or not. Now, the same thing with the fiat money. There was even a report stating that it is still fiat money which accounted for the bigger share of the illegal transactions worldwide...

Can we also say that fiat money is for the criminals and illegal activities? Money is just a tool and what we use it for is not the fault of the tool but our fault. Again, the same thing can be said of the paper money and in fact there are also criminals taking advantage of the banking system.

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