3min chapter

BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

notes

CHAPTER

Introduction

The chapter explores the impact of Bitcoin custody on the market, including the risks of consolidation and the influx of capital, and introduces Wes Knobel from Custodia Bank as an expert in the field.

00:00

Transcript

Episode notes

Join us in this insightful episode where Caitlin Long of Custodia Bank and Wes Knobel delve into the innovative non-fractional reserve system, the challenges faced with the Federal Reserve, and the dynamic world of cryptocurrency banking. They discuss Custodia's unique approach, its role in the post-Silicon Valley bank crisis landscape, and the evolving challenges and opportunities in cryptocurrency custodianship. This conversation offers a deep dive into the intersection of traditional banking, regulatory environments, and the growing influence of digital assets.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:34 - How Custodia Bank is redefining traditional banking practices.

02:34 - The significance of Custodia's approach to customer deposits.

12:47 - Insights into the Federal Reserve's decision-making process.

22:19 - The implications of non-participation in fractional reserve banking.

22:19 - The importance of state laws in protecting digital assets.

28:21 - Wes Knobel's perspective on financial innovation and regulation.

38:31 - Caitlin Long's expertise in banking risks and legacy systems.

47:58 - The potential government intervention in cryptocurrency holdings.

47:58 - Predictions for the future of banking in the era of digital currencies.

01:00:37 - The recent SEC approval of Bitcoin ETFs and its impact.

BOOKS AND RESOURCES

Links to Custodia Bank.
Caitlin Long’s X account.
Link’s to the lawsuit with the Federal Reserve Bank, Document 1 & Document 2.
Check out all the books mentioned and discussed in our podcast episodes here.

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