Viewing Cryptocurrency as a Scam or Ponzi Scheme: Some people perceive cryptocurrencies as nothing more than scams or Ponzi schemes, perhaps due to the market's volatility and the presence of fraudulent projects.

Believing Cryptocurrencies are Used Only for Illegal Activities: There's a misconception that cryptocurrencies are primarily used for illicit activities like money laundering, smuggling, and financing terrorism. While cryptocurrencies have been associated with such activities, they are increasingly being used for legitimate transactions and investments. 

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