SEC head Gary Gensler referred to Bitcoin as a criminal instrument. It happened in an interview he gave after Bitcoin-ETF approved. Mr. Gensler stated that Bitcoin is used to launder money, circumvent sanctions and finance terrorism.
It looks like a grim picture: fraudsters and terrorists transfer Bitcoins to each other and gloat.
Here we meet with another myth that envelopes the world of cryptocurrencies. There is nothing wrong with legends and myths, they decorate our lives, make the world brighter. However, problems arise when such myths are repeated by an official of this level. This suggests either inadequate perception of reality or deliberate distortion of facts. Both are very sad, because the state policy is based on distorted facts.
«Unfortunately, both politics and economics are based on distorted facts. The state’s dislike of cryptocurrency is quite selective: an official who advocates all sorts of prohibitions and criticizes the crypto may well have bitcoins in his personal crypto wallet. And he doesn’t care that some criminals can use similar coins. And we’re not just talking about officials. A few years ago, the head of BlackRock was very critical of Bitcoin, but this did not prevent his fund from becoming the actual leader in the Bitcoin-ETF race. Is it a healthy cynicism of a businessman or a real destruction of an inner myth?»
Vladimir Okhotnikov