Even with a +30%, seems a bit off the highs.
16,000 + 30% isn’t
65,000 USD in November 2021.
There will always be a need to buy stuff with untraceable currency. Tax free Weed, Women of the Night, Cars all need to delt with hard dirty currency.
No doubt, Bitcoin and all other crypto is way down off of its previous highs.
Then again, this is nothing new. Its early days in that market. The swings are absolutely brutal.....as in over 90%. You have to have a strong stomach and patience. But if you do have those....if you can sit tight and not panic when there’s a downturn, history shows you can profit handsomely.
Bitcoin isn’t untraceable.
But there are cryptoassets that are (e.g. Monero), for all practical purposes.
The utility of bitcoin, Ethereum, and other major, liquid cryptoassets is that they are non-permissioned and uncensorable.
The government can freeze your bank accounts and credit cards, but it can’t freeze your crypto wallet. And that’s why the statists want it to fail.
Too bad bitcoin isn’t untraceable. Good old fashioned hard currency is probably less traceable than bitcoin.
That said, Bitcoin is definitely traceable. See others' comments below. Its blockchain is a public ledger.