Aug 18, 2023

Caitlin Long shares an update on Custodia Bank, along with her reaction to bitcoin's (BTC) sharp downturn in the past 24 hours.

Video transcript

We tend to be so America focused if we're on shore in the United States because there is a daily news flow coming out of Washington DC and whether Gary Kinzler Floss his teeth this morning, he does make news in this, in this, in the crypto sphere, but that's not what really is driving it. There's definitely a, it's a global market, truly a global market. There's a lot more offshore than there is onshore and most of the US volume at this point. Well, really in the last couple of years has tended to be not adoption for payments, but for speculation and we need those speculators for liquidity purposes. But in other parts of the world where folks are using Bitcoin for payments, they're not here to speculate.

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