Caitlin Long, CEO of Custodia Bank, a financial institution specializing in digital asset payment and custody solutions, has been making waves in the Bitcoin community with her outspoken views on the digital money’s future. In a recent interview, she shared her thoughts on BTC’s trajectory in the wake of the Federal Reserve’s actions and the challenges the market faces.
Caitlin Long Shares Her Views on Bitcoin
Long founded Custodia Bank after years of experience at renowned banks like Credit Suisse and Morgan Stanley. She came across Bitcoin in 2012 and started her investment journey in 2013. However, she started studying the future of Bitcoin a few years later when a senior at Morgan Stanley asked her to do so.
In September, during an exclusive interview, Long discussed her perspectives on Bitcoin’s future after the Federal Reserve’s policy shifts. She expressed her belief that the Central Bank’s approach to monetary policy, including the raising of interest rates and the tapering of bond purchases, has had a profound impact on the Bitcoin market. She stated:
“Unfortunately, the collapse of FTX and other digital asset companies led to a crypto crackdown by the Fed, which threw the baby out with the bathwater.”
She notes that the Central Bank is starting to shift its stance and that several legal battles against it might lead to changes.
Custodia Bank to Launch Bitcoin Custody
During the interview, Long also announced her company’s plans to launch Bitcoin custody. She hopes that BTC plays an important role in Custodia Bank’s operations. She states:
“We are about to, knock on wood, launch Bitcoin custody. The purpose of starting Custodia is to bridge the gap between traditional finance and digital assets, specifically Bitcoin.”
Interestingly, Long expressed her aspiration for Custodia to attract major industry players who have yet to venture into Bitcoin. She emphasized that Custodia Bank, under her leadership, has consistently adhered to rigorous banking regulations, upholding bank-level security and compliance standards.
Moreover, Caitlin Long recently shared insights on her personal website, revolving around the intricate engineering of Bitcoin. In her thought-provoking analysis, she delves into the technical aspects of the world’s renowned digital money, shedding light on the underlying mechanisms that make it a robust and decentralized digital asset. She stated:
“The invention of Bitcoin as an open-source fast settlement network with its own scarce units provides the first credible way to close that gap between transaction and settlement speeds.”
On a similar note, Long also spoke about Custodia Bank’s ambitious plans in a podcast hosted by ARK Invest. The new Custodia Bank project aims to revolutionize the financial industry by integrating traditional banking with the digital asset world.
Caitlin Long has consistently been an advocate for Bitcoin and has previously expressed how digital assets can serve as a solution to financial challenges. As the CEO of Custodia Bank, Long’s perspectives on Bitcoin’s future hold significant weight, making her an influential figure in the community. Bitcoin enthusiasts and investors alike will be keeping a close eye on her insights as the industry continues to evolve.
