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Setback for Bitcoin Acceptance? New Zealand Mosque Shooter Mentions BitConnect

Image Credit: BeInCrypto

The New Zealand Mosque shooter claimed that he made money by investing in bitcoin-related cryptocurrency Ponzi scheme BitConnect. Brenton Harrison Tarrant, the neo-Nazi terrorist who has murdered 50 people in Christchurch, New Zealand, last week earned money from BitConnect.

The mainstream acceptance of bitcoin and other major cryptocurrencies are in most prevalence now a day. Harrison’s statement might cause quite a stir in the crypto-space as he claims he earned money from scam BitConnect technology.

To avoid law enforcement and regulations from centralized traditional financial system terrorists and neo-Nazis have been using Bitcoin and other major cryptocurrencies. Bitcoin has even attracted the conspiracy theorist Alex Jones, who recently called it "the future."

However, Bitcoin, cryptocurrencies, and related technologies have been accepted and adopted by some of the banking giants of the world. The banking system constantly looking to reduce costs and boost efficiency employs innovative system such as cryptocurrencies and blockchain.

Banking conglomerate J.P. Morgan has begun development of its own bitcoin-related technology, JPM coin and Social media giant Facebook is developing its own coin to integrate payments into its combined social media platforms. Also, one of the biggest cryptocurrency exchanges by trading volume Binance has announced a new platform in Australia that offers users to buy bitcoin with fiat currency.

Even technology intellects, Twitter's Jack Dorsey and Apple cofounder Steve Wozniak have spoken about their belief in bitcoin and its potential to bring about a revolutionary change in the use of money and the people’s approach towards payment system.

BitConnect was cryptocurrency investing and lending platform that investors invested huge millions of dollars into via its BCC token believing of extremely high returns. Harrison’s mentioned about making money from through BitConnect, which he claimed allowed him to travel the world and provided all the facilities he needed.

Corporate conglomerate who are considering acceptance of bitcoin-related technologies might be thinking twice before adopting after such terrorism incidents.