'99% Of The Industry Needs To Burn To The Ground': Custodia Bank CEO Caitlin Long On Crypto Landscape
Portfolio Pulse from Jose Rodrigo Safdiye
Caitlin Long, CEO of Custodia Bank, compared the current state of the cryptocurrency industry to the tech stock bubble of 1999, stating that 99% of the industry needs to 'burn to the ground'. She criticized the regulatory approach in the US, suggesting that it has been too harsh and has stifled innovation. She also expressed concern about the high levels of leverage in the industry.
September 22, 2023 | 7:16 pm
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The comments by Caitlin Long, CEO of Custodia Bank, could potentially impact the price of Bitcoin. Her comparison of the current state of the crypto industry to the tech stock bubble of 1999 and her criticism of the regulatory approach in the US could create uncertainty among investors.
Caitlin Long's comments could create uncertainty among investors, potentially leading to a decrease in the price of Bitcoin in the short term. Her comparison of the current state of the crypto industry to the tech stock bubble of 1999 could make investors wary, while her criticism of the regulatory approach in the US could raise concerns about potential regulatory risks. Additionally, her warning about the high levels of leverage in the industry could make investors more cautious.
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