Sorry Charlie (Munger)! Bitcoin Could Be Less Important For Cybercrime And Kidnappers Soon

Sorry Charlie (Munger)! Bitcoin Could Be Less Important For Cybercrime And Kidnappers Soon

Leading cryptocurrency Bitcoin is known for many things, whether its used to buy a pizza, held on the balance sheet of companies, used as a currency in countries such as El Salvador or as a store of value.

One famous use case could be less important in the future and silence critics.

What Happened: A leading cybersecurity company has spoken out about Bitcoin (CRYPTO: BTC) soon being less important in the world of ransomware negotiations and payments, which could be in opposition to what Berkshire Hathaway Inc (NYSE: BRKA)(NYSE: BRKB) Vice Chairman Charlie Munger recently said about the cryptocurrency.

Kaspersky said Bitcoin could be relied on less as a source of use for illegal activities due to sanctions and new market regulation calls.

“With the price of crypto dropping, threat actors will stand to gain less, and will therefore …

Full story available on Benzinga.com