Caitlin Long, Founder & CEO of Custodia Bank joins me to talk about the recent collapses in various crypto debt projects and products. We explore the risks of leverage in the system, the prevalence of crypto scams, and why regulation may be coming sooner than we think due to these recent events. We also talk about Bitcoin Maximalism and the importance of the Bitcoin Hash Rate.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanbitcoin.com/private/
Guest
Caitlin's Twitter Account: https://Twitter.com/CaitlinLong
PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
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Outline
00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Caitlin's background
00:04:19 Leverage in the System, Bitcoin Bull/Bear Markets
00:09:47 Why is this time different?
00:14:59 Market Cycles, S2F & Price Models
00:21:18 Explaining why "Yield on Bitcoin" is not Sustainable
00:26:52 The Importance of Self-Custody
00:29:35 Fractional Reserves, One to One Leverage
00:33:12 Difference between being "Licensed" & being "Regulated"
00:38:03 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine!
00:38:49 Take Control of Your Healthcare with CrowdHealth!
00:39:58 Is Regulation coming?
00:42:19 Explaining the Damage & Ramifications of Crypto Crashes
00:45:49 Are there other use cases for Blockchain & Crypto Projects?
00:53:08 Could Decentralization be Achieved again?
01:00:13 Discussing Bitcoin Maximalism & Culture
01:07:31 What type of Indicator is Hash Rate & how do you explain it?
01:11:45 Lightning Network & Final Thoughts
01:15:58 Where to find Caitlin's work
01:16:25 "What is Money" Outro
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