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Custodia Bank CEO Warns of Potential 'Crypto Winter' for Traditional Financial Institutions
Summary: According to CoinTelegraph, Custodia Bank CEO Caitlin Long stated at a Wyoming blockchain conference that the mismatch between traditional financial systems and blockchain protocols could impact traditional financial institutions. Long expressed concerns about how these financial giants would cope when the bear market inevitably returns, as real-time updates are crucial in the cryptocurrency field. Long ...
According to CoinTelegraph, Custodia Bank CEO Caitlin Long stated at a Wyoming blockchain conference that the mismatch between traditional financial systems and blockchain protocols could impact traditional financial institutions. Long expressed concerns about how these financial giants would cope when the bear market inevitably returns, as real-time updates are crucial in the cryptocurrency field. Long emphasized the differences between traditional systems and cryptocurrencies, noting her experience in the industry since 2012. She cautioned against overly optimistic views that the bear market may not return.
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Link: Custodia Bank CEO Warns of Potential 'Crypto Winter' for Traditional Financial Institutions [Copy]
