According to Coin World, Caitlin Long, CEO of Custodia Bank, stated at the Wyoming Blockchain Symposium on August 24 that the mismatch between the traditional financial system and real-time settlement blockchain protocols could lead to a liquidity crisis for traditional financial companies. "Because traditional systems cannot be updated in real-time, these fault-tolerant mechanisms have been built into the system. In the world of crypto, everything has to be real-time, and crypto is a completely different game. I am indeed concerned about how these financial giants will respond when the inevitable Bear Market comes again. I know some people optimistically believe that a Bear Market will not happen again. I have been in this industry since 2012, so I know it will happen again."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)