> It’s a speculative gambling vehicle that’s also used for flight capital and money laundering.

A financial instrument with a publicly available and cryptographically verified permanent ledger sounds like a really terrible way to launder money.

Then you aren't paying attention. It's heavily used for money laundering and dark purchases. Yes the ledger is public, but there is almost no verification of the principals. It's nearly completely anonymous if you aren't a complete fool in how you setup the shells. Anonymity is the core of high volume laundering. You should do just a tiny bit of research of you think most of the major cryptocurrencies aren't massive laundering vehicles.

> money laundering

I hear this argument a lot; do you have a source that details how much money has been laundered worldwide in cash vs bitcoin?

That doesn't seem to be a very informative statistic, either way.

Let's launder money in a system with ledger of all transactions ever. /s

To be fair, it feels anonymous in a lot of ways, and is until you cash out.