Morgan Creek Digital Asset’s Co-Founder & Partner Anthony Pompliano in his recent tweet made a startling statement regarding Deutsche Bank and claimed that the bank could be given a new life by buying it and then reviving it by accepting digital currencies. Reportedly, Deutsche Bank’s value is a little over fourteen billion dollars ($14billion) with a falling stock price.
Today @DeutscheBank is valued at just over $14 billion and the stock price is in a free fall.
If we could raise the capital, it would be interesting to purchase the failing bank and revive it by embracing Bitcoin.
Crazier things have happened 🔥
— Pomp 🌪 (@APompliano) May 31, 2019
The German multinational investment bank and financial services company, Deutsche Bank is yet again trying to clear up its name. Back in January 2017, the bank agreed to pay a little over seven billion dollars ($7.2billon) to U.S Department of Justice as a settlement for being involved in the toxic-mortgage securities and for its contribution in the 2008’s global finical meltdown.
Furthermore, in November 2018, Deutsche Bank’s offices were raided by the German officials concerning the involvement of various European banks in money-laundering operation. In an attempt to cover up the latest allegations, Deutsche bank stated that a bug was found in the software that is used by the bank to detect money-laundering. Moreover, a little over twelve billion dollars have been paid by the bank as penalties since 2000.
Anthony Pompliano, the co-founder of Morgan Creek Digital, supports the Blockchain startups revolution and with his investment firm; is seeking to unlock the financial system to drive the circulation and adoption of cryptocurrencies.
