Custodia Bank CEO: Traditional Financial Institution Groups May Face the First "Crypto Winter"
2025-08-24 00:53:27
Caitlin Long, CEO of Custodia Bank, told the Wyoming Blockchain Symposium that the mismatch between traditional financial systems and blockchain protocols could affect the Traditional Financial Institution Group. "Because traditional systems can't be updated in real time, these fault-tolerant mechanisms are built into the system. Whereas in cryptocurrencies, everything has to be real-time, and cryptocurrencies are a whole other story. I do worry about how these financial giants will respond when the bear market inevitably comes again. I know there are people who are optimistic that the bear market won't come again. I've been in this business since 2012, so I know the bear market will come again."
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