How Wall Street’s Lack of Knowledge Could Fuel a BTC Rally
- The CEO of Custodia Bank predicted in an X post that Bitcoin may take down a global systemically important bank (G-SIB) someday.
- A tech entrepreneur stated that a rise in the price of BTC to $100K will cause a wave of panic buying from the traditional finance sector.
- BTC was worth about $37,408.58 after its price managed a slight 0.28% increase in the past 24 hours.
The founder and CEO of Custodia Bank, Caitlin Long, reiterated her belief that Bitcoin (BTC) will take down a global systemically important bank (G-SIB) someday. In an X post published yesterday, Long shared that her prediction is based on the fact that Wall Street views BTC as just another asset class to which it will apply its traditional finance risk models and games.
INDEED. Still making a prediction I first made in yrs ago: that #Bitcoin will take down a G-SIB someday precisely bc #WallSt views it as just another asset class to which it'll apply its #tradfi risk models & games (eg, collateral substitution). Already happening. Won't end well. https://t.co/aB5V7AVh9R
— Caitlin Long(@CaitlinLong_) November 23, 2023
Included in her post was another X post from a tech entrepreneur by the nam…
The post How Wall Street’s Lack of Knowledge Could Fuel a BTC Rally appeared first on Coin Edition.
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How Wall Street’s Lack of Knowledge Could Fuel a BTC Rally
- The CEO of Custodia Bank predicted in an X post that Bitcoin may take down a global systemically important bank (G-SIB) someday.
- A tech entrepreneur stated that a rise in the price of BTC to $100K will cause a wave of panic buying from the traditional finance sector.
- BTC was worth about $37,408.58 after its price managed a slight 0.28% increase in the past 24 hours.
The founder and CEO of Custodia Bank, Caitlin Long, reiterated her belief that Bitcoin (BTC) will take down a global systemically important bank (G-SIB) someday. In an X post published yesterday, Long shared that her prediction is based on the fact that Wall Street views BTC as just another asset class to which it will apply its traditional finance risk models and games.
INDEED. Still making a prediction I first made in yrs ago: that #Bitcoin will take down a G-SIB someday precisely bc #WallSt views it as just another asset class to which it'll apply its #tradfi risk models & games (eg, collateral substitution). Already happening. Won't end well. https://t.co/aB5V7AVh9R
— Caitlin Long
Included in her post was another X post from a tech entrepreneur by the nam…
The post How Wall Street’s Lack of Knowledge Could Fuel a BTC Rally appeared first on Coin Edition.
Read More