#241 Caitlin Long - Coronavirus: The Pin that Popped the Credit Bubble

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 16 March 2020

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

Caitlin Long is the Founder of Avanti Bank, a new US bank based in Wyoming that intends to serve the digital asset industry with new products and services that are not currently available in US dollar markets. In this conversation, Anthony and Caitlin discuss the structural issues in the legacy finance world, why coronavirus is the pin that popped the credit bubble, what is happening in the repo market, why banks should immediately go raise equity capital, how the government is forced to respond with monetary stimulus, and what this all means for Bitcoin. =============================== BLOCKFI-----BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. ~If you enjoyed this episode and want to stay updated on everything Bitcoin, blockchain, and crypto. Check out Off the Chain newsletter by visiting offthechain.substack.com and join 35,000+ other investors currently subscribed to my daily investor letter.

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
0:04.5	Off the Chain, simply the best podcast in crypto. Let's kick this thing off.
0:10.1	Caitlin Long is the founder of Avanti Bank, a new U.S. Bank based in Wyoming that intends to serve
0:15.6	the digital asset industry with new products and services that are not currently available
0:19.6	in U.S. dollar markets.
0:21.6	Previously, Caitlin spent 22 years on Wall Street, including successfully running the Morgan Stanley Pension Solutions business.
0:27.6	In this conversation, we discussed the structural issues in the legacy finance world,
0:32.6	why coronavirus is the pin that pop the credit bubble. What is happening in the repo market?
0:38.5	Why banks should immediately go raise equity capital? How the government is forced to respond
0:43.3	with monetary stimulus to a liquidity crisis and what this all means for Bitcoin.
0:48.0	I really enjoyed this conversation and Caitlin didn't disappoint. But before we get into it,
0:53.0	don't forget that this podcast is sponsored
0:55.2	by BlockFi. BlockFi currently offers three separate products. You can deposit your crypto and get a
1:01.6	US dollar loan. You can deposit crypto and earn very high rates of interest, or you can go on and
1:07.3	buy and sell crypto through their crypto exchange. BlockFi also will be
1:11.1	announcing a Bitcoin credit card in the coming months, which will allow you to use a regular
1:15.6	credit card but receive rather than cashback or loyalty points Bitcoin. Obviously pretty cool. Right
1:22.2	now the rates are super high on the crypto deposits. So go to blockfi.com slash pomp. Again, blockfi.com slash pomp.
1:30.7	I'm a huge fan. They've been big supporters of the podcast. I'm an investor, a user, and generally a big
1:37.2	proponent of this type of business. So blockfi.com slash pomp. Go check them out and let me know what you
1:42.5	think. Also, there's lots of stuff going on in the
1:45.1	financial markets today. I'm sure many of you have tons of questions. You can subscribe to a letter
	...

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