$11 Million in Bitcoin Has Been Stolen Over the Last Four Years

$11 Million in Bitcoin Has Been Stolen Over the Last Four Years

Did you know that approximately $11 million in bitcoins have been stolen since the year 2011? I had a hard time believing it myself, but according to researchers, that's exactly what's happened, and about 13,000 people have fallen victim to an estimated 42 different bitcoin scams over the past four years. Co-author of the research, Marie Vasek explains: "There are a lot of scams that we couldn't measure at all. There were scams we couldn't find or verify... We think presenting our findings as they are, a lower bound, makes a lot of room for us and others to further quantify scams in this....


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Quotes

At this point, Bitcoin is neither a legitimate form of currency nor an investment. Until it gains widespread acceptance and price stability, it will never be a mainstream method of payment. And from an investing perspective, Bitcoin's uncertain future and the lack of any meaningful fundamental metrics make it a speculation at best, and gambling at worst.

Anton Ivanov - Founder of DreamsCashTrue.com