Credit Card Fraud In Comparison To Potential Bitcoin Collapse

According to Tony Gallipi of Bitpay there is currently over 52 billion in credit card fraud per year just in the United States.  Bitcoin has just barely crossed the one billion dollar point in capitalization (by capitalization I mean that the entire value of all Bitcoins currently in circulation are valued at over a billion dollars by the markets).

So what’s my point? With all the brainless hoopla that Bitcoin is a Ponzi scheme then even if that were so it would only be a fly on an elephant’s rump in comparison to credit card fraud.

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