Liz Follow the money. According to the United Nations Office on Drugs and Crime (UNODC), the estimated amount of money laundered globally in one year is between 2% and 5% of global GDP, which equates to approximately $1.6 trillion to $4 trillion USD.

In comparison, the estimated amount of money laundered using Bitcoin is much smaller. A report by the blockchain analytics company, Chainalysis, found that in 2020, the total value of cryptocurrency transactions associated with illicit activity was $10 billion, which represents only a small fraction of the total volume of cryptocurrency transactions. While Bitcoin and other cryptocurrencies have been used in money laundering schemes due to their perceived anonymity and lack of regulation, traditional currencies like USD still remain the primary currency for money laundering due to their widespread use and acceptance in global financial markets.