Why is Bitcoin price so high?

What percentage of bitcoin transactions are associated with illegal activity?

• 75%

• 50%

• 25%

• 10%

Which universities conducted the study mentioned in the text?

• Harvard and MIT

• University of Sydney and University of Technology Sydney

• Stanford and Berkeley

• Oxford and Cambridge

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

How many bitcoin market participants were estimated to use the cryptocurrency primarily for illegal purposes?

• 12 million

• 24 million

• 48 million

• 36 million

What is the total value of bitcoin transactions conducted per year by estimated bitcoin users?

• $90 billion

• $36 billion

• $54 billion

• $72 billion

What is one of the main reasons bitcoin is popular with criminals?

• High investment returns

• Ease of use

• Ability to conceal identities

• Government support

What is the public ledger called where every bitcoin transaction is recorded?

• Digital Journal

• Blockchain

• Crypto Ledger

• Transaction Log

What did the researchers use as a starting point for their analysis?

• Silk Road marketplace shutdown

• Bitcoin market participants' addresses

• Cryptocurrency regulations

• High-profile bitcoin seizures

What is the potential impact on bitcoin's value if criminals turn away from it?

• Decrease in value

• Increase in value

• No impact on value

• Value remains stable

What do the researchers suggest could impact the fundamental value of bitcoin?

• Increase in legal transactions

• Decrease in illegal trade demand

• Government regulations

• Technological advancements