Bitcoin (BTC) Continues to Increase in Popularity on Dark Web

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Wed, 12/11/2019 - 19:16
Alex Dovbnya
Bitcoin is becoming more popular on the dark web while its mainstream adoption hits a snag
Cover image via U.Today

The cryptocurrency might be beyond the days of Silk Road but Bitcoin remains the darling of dark web criminals.

According to data provided by James Todaro of Blocktown Capital, the USD value of Bitcoin spent in the murkiest corners of the internet has skyrocketed in 2019, surpassing $1 bln.

image by @JamesTodaroMD

Related
Bitcoin Price Predicted to Skyrocket to $100,000 in 2020 by Silk Road Founder Ross Ulbricht

Bitcoin is not for the masses  

Todaro agrees with Jill Carson, the co-founder of the Open Money Initiative, who recently opined that Bitcoin wasn't meant for mainstream adoption. 

"There exists a long history of censorship resistant and privacy preserving technologies: 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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