Cryptocurrency enthusiasts, fed up with seeing their asset class dismissed by traditional bankers as the preserve of fraudsters, jumped at the chance to indulge in a little schadenfreude.
Anthony ‘Pomp’ Pompliano, founder of a North Carolina crypto-focused venture capital fund, tweeted: “A single bank location at one bank [sic] laundered more money than the entire market cap of cryptocurrencies. Crypto market cap: $225 billion. Danske Bank: laundered $235 billion.”
He concluded: “Long bitcoin, short the bankers.”
While some Twitterati were leery about the comparison of stock with flows, not to mention the claim to be able to put a dollar value on the nebulous crypto universe, Pomp’s comment scored thousands of likes and retweets.
Glee
It also inspired a slew of articles in the crypto press, including one by online news site Bitcoinist.
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