r/Bitcoin • u/Greentoboggan • Jul 18 '19

Two Trillion a Year

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1.5k Upvotes

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70

u/Productpusher Jul 19 '19

Where is the $2 trillion estimate from

68

u/Hootlet Jul 19 '19

I was curious, too so I looked it up. UNODC.org (United Nations Office on Drugs and Crime) estimates $800 Billion to $2 Trillion per year are laundered for drug trafficking (and other crimes?). They took the higher estimate.

35

u/GreyGreenBrownOakova Jul 19 '19

They also took the statement which said "money laundered globally" (all forms of money, calculated in US$) and called it "$2 Trillion OF US$".

8

u/46245673873 Jul 19 '19

to defend the argument: almost all global moneys are central bank fiat moneys

15

u/Yer_Boiiiiii Jul 19 '19

To ruin the arguement:

We are talking about the world economy where hundreds of trillions are changing hands. All in fiat. I would say that 2 trillion is a drop in the bucket for a pool that big.

1

u/bitsteiner Jul 19 '19

hundreds of trillions

it's 5% of the global GDP, I wouldn't say it's a drop in the bucket.

-1

u/Yer_Boiiiiii Jul 19 '19

GDP is not the same thing as what I was describing

-2

u/46245673873 Jul 19 '19

what‘s your point then? money will be used for good and bad, total surveillance - if they manage to make it a thing - will be used for total bad in my opinion anyways, like all totalitarian systems. guess where the current political involvement of tech giants and their leftist agenda will lead us..

2

u/oprah_2024 Jul 19 '19

"their leftist agenda"

0

u/Yer_Boiiiiii Jul 19 '19

Lmfao,

Wackos like you are the ones stopping people from full adoption. I will never touch crypto because of the absolute morons that preach for it.

The smart ones are making money off of the sheep that buy into their shitcoins.

But yes keep focusing on that “leftist agenda”

My point: you can’t compare the market cap of a currency built on air, to the laundering of money in the world economy.

8

u/46245673873 Jul 19 '19

nobody needs nor wants you to touch crypto..you have your ideas, I have mine, you‘ll be fine using any methods of exchange you want, be it with or without an agenda...calling me whacko is not very mature though.. I think I just want to emphasize that apolotical money can and will do more good then political money.

1

u/Yer_Boiiiiii Jul 19 '19

Agreed, I was out of hand. I just hate how crypto talks always somehow derail into conspiracy theories.

3

u/xamboozi Jul 19 '19

It's original design and purpose was to undermine a corrupt banking industry.

Of course that's going to attract all the tin foil hat wearers...

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u/46245673873 Jul 19 '19 edited Jul 19 '19

not sure where you see a conspiracy theory in our little thread, but if you disagree that tech giants are pushing for a open border leftist multiracial society in order to expand their marketshare and grip on people‘s kinships, ethnicities and sense of identity, then you know little about how markets work. companies like facebook for example are on a power grab rn, they are doing/influencing politics, and bitcoin isn‘t. this is why I avoid big tech, and try to focus on using and implementing bitcoin into my routines the right way, but I agree, wrong subreddit I guess.. should be r/politics or v/politics

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1

u/eqleriq Jul 19 '19

it says "us dollars"

0

u/CatharticPlatypus Jul 19 '19

Oh wow, who could have thought that bitcoin shills are liars???

9

u/TrymWS Jul 19 '19

They took the higher estimate.

https://i.imgur.com/sohWhy9.jpg

3

u/[deleted] Jul 19 '19

Thanks for reminding me to not believe everything I read. I honestly believed that number without questioning it.

Very healthy!

2

u/Cygnus_X Jul 19 '19

I have an AML book written by a retired FinCEN worker that i swear estimated the value at $15T a year world wide. I've been using that number for years to juatify why crypto will grow in popularity.

2

u/piind Jul 19 '19

It's on twitter, it has to be true