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

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 24 January 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Linkedin Marketing Solutions Wise Babbel Shopify Fundrise NDTCO TurboTax Fidelity Monetary Metals Vacasa BiOptimizers - Nootopia Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.2	On today's show I have back the super thoughtful Caitlin Long and she's joined by Mr Wesley
0:20.9	Noble and we're talking about all things institutional custody.
0:25.1	Now for people that have been watching the Bitcoin E.T.F. news, you know that the floodgates have
0:29.4	been opened up to a whole new tranche of trillions in capital. But where is all this
0:34.8	Bitcoin being custody? More importantly, what type of risk does all of this
0:38.9	consolidation and custody have on these products? I promise, this is a mind-blowing conversation.
0:44.8	So make sure you hang around until the very end
0:47.2	because there's some really juicy stuff
0:48.9	and important nuggets there near the end of the discussion.
0:52.0	But with all of that said here's my chat with
0:54.2	Caitlin and Wes.
0:57.0	You're listening to Bitcoin Fundamentals by The Investors Podcast Network.
1:04.1	Now for your host, Preston Pish. Hey everyone welcome to the show. I'm here with Caitlin and West guys it is such a
1:21.4	pleasure to have you here and to be talking about in my opinion a super
1:26.0	important topic right now so welcome to the show.
1:28.7	Hey thanks Preston and now welcome Wes yeah welcome Wes. Thank you welcome. Yeah,
1:33.0	Wes.
1:34.0	Welcome.
1:35.0	Real fast, Caitlin, tell us a little bit about Wes,
	...

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