#1021 Caitlin Long On Building A New Bank That Doesn’t Rely On Leverage & Lending

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 26 June 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Caitlin Long is the Founder & CEO of Custodia Bank. In this conversation, we talk about all the liquidation in the crypto market, other factors that caused Bitcoin's price drop, the macro economy. Fed interest rates, and how long the bear market may last. We also break down Caitlin's company that is attempting to change the way banks are operated. ======================= FTX.US is the safe, regulated way to buy and sell Bitcoin and other digital assets. Trade crypto with up to 85% lower fees than top competitors. There are no fixed minimum fees, no ACH transaction fees, and no withdrawal fees. FTX.US is also the only leading exchange that supports both Ethereum and Solana NFTs. Download the FTX App today and use referral code “Pomp” to earn free crypto on every trade over $10. The more you trade, the more you earn. ======================= Crypto is all about giving the power back to the people and our sponsor, Pipe, is doing that in a big way. Pipe is the world’s first trading platform that allows you to trade recurring revenue streams for up-front capital. And with Pipe’s new API, companies with recurring revenue can build seamless, embedded financing options into their platforms. One of the most interesting uses for Pipe’s new API right now is Compass Mining’s “Mine Now, Pay Later” which powers payment plans on bitcoin mining hardware so more miners can start or scale with a smaller up-front investment. Whether you’re looking for mining hardware or scaling any business with recurring revenue, check out Pipe to access growth capital with: No loans. No dilution. No restrictive covenants or warrants. Just growth on your terms And right now, Pomp Podcast listeners can access tens of thousands of dollars even millions fee-free for 12 months. Whether you are a bitcoin mining company looking to enable financing for your customers or a SaaS, DTC, or any business that has recurring revenue, sign up at http://pipe.com/pomp to start trading today. ======================= The number one name in NFT domains and the world’s most powerful wallet are teaming up to bring something new to the crypto and Web3 world: That’s right, Unstoppable Domains and Blockchain.com partnered to create NFT domain names ending in .Blockchain. It’s the perfect ending to show that you’re a believer in a decentralized future. The Blockchain.com community can get one, for free by siging up for the waitlist here. Free NFT domains provide all the benefits of premium Unstoppable Domains, including fee-free, lifelong ownership. Don’t have a Blockchain.com wallet? No worries, these new domains are available to everyone for as low as $5. Either sign up for a free blockchain.wallet or visit http://UnstoppableDomains.com to buy your domain today.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Caitlin Long is the founder and
0:13.5	CEO of Custodia Bank. In this conversation, we talk about Bitcoin, market cycles, leverage,
0:19.7	rehypothecation, underwriting risk, the Federal Reserve,
0:23.5	and exactly how these crypto banks plan to interact with and work with the legacy financial system.
0:31.2	I really enjoyed this conversation with Caitlin, and I hope you guys enjoy it as well.
0:35.7	Before we get into this episode, though, I first want to talk about our sponsors.
0:39.5	This episode is brought to you by FTX US.
0:42.3	FTX.US is the safe, regulated way to buy and sell Bitcoin and other digital assets.
0:47.4	You can trade crypto with up to 85% lower fees than top competitors.
0:51.5	There are no fixed minimum fees, no ACH transaction fees, and no withdrawal
0:56.1	fees either. FTX.us is also the only leading exchange that supports both Ethereum and
1:02.1	Solana and FTs. Download the FTCX app today and use referral code Pomp to earn these free
1:08.1	crypto on every trade over $10. The more you trade, the more you
1:12.3	earn. Go download the FTX app today and use referral code Pomp. This episode is brought to you by
1:18.4	Unstoppable Domains. They recently launched an awesome feature to level up your Unstoppable Domains
1:22.8	profile. It's called badges. They translate wallet activity into achievements, so celebrating, reliving, and sharing your
1:29.0	crypto story has never been easier.
1:30.9	Before, these stories were buried in transaction logs that were hard to read, making them
1:34.7	difficult to find and understand as well.
1:37.5	But since unstoppable domain badges are awarded based on your wallet activity, they're a super
1:42.0	fun, easy way to build on-chain reputation just by doing what you do,
	...

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