3 Common Myths about hashtag#cryptocurrency 👇 

1. Myth: All crypto is Bitcoin.

👉 While Bitcoin was the first cryptocurrency and remains the largest by market cap, there are over 24,000 cryptocurrencies traded on more than 600 exchanges. 

2. Myth: Cryptocurrency is all scams.

👉 Although scams exist, they represent a tiny fraction of crypto activity. In 2022, mainstream services received $8.1 trillion in cryptocurrency, while scammers made $6 billion. The vast majority of crypto transactions are legitimate!

3. Myth: Crypto is only used by criminals.

👉 In the past, a larger share of crypto transactions was linked to crime, but today, illicit activity accounts for less than 1% of overall crypto transaction volume. Increased regulation and blockchain analysis tools have made the ecosystem safer.

These are 3 myths from Chainalysis Crypto Myth Busting Report. you can check more Myths from the report.