Bitcoin — the future of the financial system? (III) Now there are around 7000 (!!!) coins on the market (but only around 300–400 of them have at least some value). New coins appearing every day. But it is a wild market (it started regulated by the governments only couple years ago), it’s not as strictly regulated as traditional markets (but at least in US, Russia, China it all goes this way). So in this business exist frauds, pump-and-dump schemes, Ponzi schemes. Bitcoin and other cryptocurrencies are used for money laundering, buying drugs and arms. But all of this exists in dollar too, but on much larger scale. The price of bitcoin is growing since it appeared. The times of exponential growth are being replaced with the times of long corrections. In several countries (Germany and Japan) usage of bitcoin is allowed and there you can purchase bigger amount of good and services for bitcoin. In other countries (for example Russia and Belarus) you are allowed buy and store bitcoin, but you can’t purchase anything for it.