The worst thing ever said about Bitcoin is that it is used for terror financing, black money laundering, and illegal transactions. These are absolutely ludicrous and baseless rumors. Even if there is an iota of truth in it then such illegal activities take place through hawala route also. So, if naysayers say that only bitcoin is to blame for such illegal activities then they are absolutely wrong. Another speculation about Bitcoin which is again quite unfair is that it is a bubble which might burst in future. Again, we can see that Bitcoin has stayed in the market for almost a decade and despite having many ups and downs the digital currency has managed to maintain its position at the top. People never lost trust in Bitcoin as a safe value storing digital asset. Despite all the negative publicity, Bitcoin has not lost its sheen. None of the altcoins have been able to topple Bitcoin from its position. People are still buying it and they will continue to do so. As long as there is a structured and a secured technology like the blockchain nothing will happen to its scope. Also, likening it to the Tulip mania or calling it a Ponzi is unjust and quite unfair. Skeptics anywhere in the world will speak negatively about anything which is new and revolutionary.

A means of siphoning money out of the country by politicians

A means of siphoning money out of the country by politicians



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