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“The Greatest Report Benzinga Has Ever Produced”
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After years within the highlight and surging in worth and curiosity in 2021, the cryptocurrency business had many moments to overlook in 2022, together with the chapter of cryptocurrency trading platform FTX.
Caitlin Lengthy, the founder and CEO of Custodia Financial institution, spoke to Benzinga concerning the promising way forward for cryptocurrencies like Bitcoin (CRYPTO: BTC). She additionally mentioned learn how to dispel frequent myths and deal with considerations associated to felony exercise.
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Cryptocurrency Right this moment: Lengthy spoke to Benzinga concerning the cryptocurrency market’s present state, emphasizing that it is nonetheless in a section requiring additional refinement and maturation. She drew parallels to the tech bubble, suggesting that some components could have to fail dramatically for the business to advance.
“I don’t defend the business,” Lengthy informed Benzinga CEO Jason Raznick on an episode of “The Raz Report.” “There’s a number of crap right here.”
Lengthy added that cryptocurrency won’t succeed with out some components being flushed out.
The CEO of Custodia Financial institution mentioned that regulators have gone too far, and basically “threw the child out with the bathwater.”
She identified that the speedy collapse of a giant bubble made up of leverage and loans should not be taken as an indication of what is to come back for Bitcoin and different cryptocurrencies. “That has nothing to do with the know-how.”
Lengthy is a featured keynote speaker at Benzinga’s Way forward for Digital Belongings occasion on Nov. 14, 2023. Hear straight from main cryptocurrency specialists on what’s subsequent for the sector. Get tickets here!
Lengthy mentioned traders have to see previous the criminals and fraudsters in crypto. “[The] false impression is that it’s all a rip-off, it’s not, there’s actual know-how behind it.”
The cryptocurrency sector shares parallels with the rise of the web within the Nineteen Nineties, a fast-growing sector that additionally attracted criminals, she added. The important thing distinction is the cryptocurrency sector entails cash, whereas the beginning of the web revolved round data.
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“This has attracted much more grifters than the web did,” she mentioned.
Associated Hyperlink: 30 People To Watch In Web3: Caitlin Long, Ride Or Die For Crypto’s Future At A Regulatory Level
Cryptocurrency Future: Lengthy famous that many specialists within the sector are actually discussing learn how to ship higher, quicker, and extra clear funds.
“We do it by this know-how together with the U.S. Greenback, but additionally in Bitcoin,” she mentioned.
There are nonetheless criminals and fraudsters within the cryptocurrency house, Lengthy informed Benzinga. This is a matter she is actively working to deal with.
“Many people within the business have been working with legislation enforcement to scrub up the business and are as appalled as common of us at what’s occurred.”
Benzinga’s full interview with Caitlin Lengthy airs Friday, Sept. 22 at 11 a.m. ET. Set your reminder with the video posted under.
Lengthy shall be talking at Benzinga’s Way forward for Digital Belongings on Nov. 14 in New York Metropolis. Do not miss out in your probability to listen to straight from the Custodia Financial institution CEO on the way forward for Bitcoin and rules. Tickets are selling fast!
Learn Subsequent: Exclusive: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million? What Does She Know That We Don’t
Picture: LinkedIn and Shutterstock
“The Greatest Report Benzinga Has Ever Produced”
Huge returns are potential inside this market! For a restricted time, get entry to the Benzinga Insider Report, often $47/month, for simply $0.99! Uncover extraordinarily undervalued inventory picks earlier than they skyrocket! Time is working out! Act quick and safe your future wealth at this unbelievable low cost! Claim Your $0.99 Offer NOW!
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