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Bitcoin has never been calm since its inception, with misunderstandings and controversies following it like a shadow. The claims circulating online are diverse, so today we will clarify them one by one.
**Misconception 1: Bitcoin funds terrorism?**
This blame cannot be placed on Bitcoin. Those who fund terrorist activities are terrorists themselves; the currency used is not the main issue. In fact, the US dollar has been used for decades to finance various armed conflicts. A 2016 report by Europol explicitly states that there is no evidence that terrorist organizations are extensively using cryptocurrencies. Pinning the blame on Bitcoin is like banning knives because someone used a knife to commit a crime—it's illogical.
**Misconception 2: Bitcoin is just a Tulip Bubble 2.0?**
Don’t get it mixed up. The 17th-century Tulip Mania was purely speculative, with no underlying technology or value support. Bitcoin is entirely different—it has tangible technological features like decentralization, immutability, and global circulation. The value of Bitcoin comes from global consensus; more and more institutions and individuals see it as digital gold, which is the real reason it has lasted until today.
**Misconception 3: Bitcoin is mainly used for illegal transactions?**
This is outdated thinking. In the early days, some used Bitcoin for illicit transactions, but the situation has changed dramatically now. Global banks, publicly listed companies, and investors are all using Bitcoin; legitimate transactions are the mainstream. To dismiss all paper money because some people use cash for illegal goods is illogical.
**Core Point**
As regulations improve and mainstream adoption expands, Bitcoin’s position is quietly changing. Those old, tired criticisms are long overdue for an update.