Evercore’s Rich Ross stepped onto the CNBC set this evening with venomous malice for the crypto currency world. He went over the charts and saw nothing worth liking, flippantly discarding the asset class as something beneath him and his institutional clients.
Watch Ross as he maligns the crypto currencies, calling the hands that own them less than weak — but in fact ‘baby hands’ of a 13 yr old befit with a credit card ready for action.
“Let’s not even compare this to stocks for a second. What bothers me, we’re staring at the greatest bull market in the last 20 years, where you can double your money in like the best industrial companies — like a Boeing, which is sort of pillaring here for no good reason, up over 200% over the past two years and we’re talking about this stuff here that’s lost over 50% of its value in a month.”
Enter Dan Nathan, the ever gracious host at Fast Money — taking exception to Ross’s glib commentary on crypto currencies, taking Ross to task for impugning the integrity of this asset class that has attracted all of the finest people.
I won’t even transcribe the damned exchange. Watch it for yourselves and prepare to cringe.If you enjoy the content at iBankCoin, please follow us on Twitter