Hong Kong Finance and Bitcoin Analyst, Joseph Young, followed up a controversial tweet praising Bitcoin with a December 28th article which ostensibly condones the use of Bitcoin for tax evasion. Highlighting the plight of two billionaires who have been (or are expecting to be) fined for storing billions in offshore bank accounts, Young tweeted \"What is #Bitcoin good for?\" and suggested that it might penetrate the \"$40 trillion offshore banking market.\"

The controversial tweet came in response to the discovery that Lee Kun Hee, founder of Samsung (South Korea\'s largest corporation), has billions of dollars stashed in some 200+ offshore bank accounts. The government will now tax those accounts and in addition, is expected to levy a massive fine on the billionaire. 

In the article for cryptocurrency news site, CoinTelegraph, Young also cites a Saudi billionaire similarly penalized for charges including tax evasion, money laundering and corruption. Prince Alwaleed bin Talal is under house arrest and the Saudi government are requesting a $7bn payment for his freedom.

Young suggests that this ransom might have been avoided by Prince Talal if he had kept his wealth \"in a decentralized store of value,\" and that Talal represents \"a poster child for why you should buy Bitcoin.\"