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

By: Alex Dovbnya

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.

The aforementioned platforms are used by both good and bad actors (just like Bitcoin). However, they are not designed for people to use them en masse. Carson believes that even the Lightning Network and other scalability solutions will fail to push Bitcoin into the mainstream and remain a niche currency.  

As reported by U.Today, Bitcoin is still responsible for about 95 percent of all crime-related crypto transactions despite the proliferation of privacy coins.   

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