Comment by lazide

According to this random estimate, black market economy alone in just the US is worth ~ $2 trillion/yr. [https://www.investopedia.com/terms/u/underground-economy.asp]

Roughly 11-12% of GDP.

In many countries, black+grey market is larger than the ‘white’ market. The US is notoriously ‘clean’ compared to most (probably top 10).

Even in the US, if you suddenly stopped 10-12% of GDP we’re talking ‘great depression’ levels of economic pain.

Honestly, the only reason Crypto isn’t bigger IMO is because there is such a large and established set of folks doing laundering in the ‘normal’ system, and those work well enough there is not nearly as much demand as you’d expect.