Rally

<ul class="news-points"> 
 <li><strong>The CEO of Custodia Bank predicted in an X post that Bitcoin may take down a global systemically important bank (G-SIB) someday.</strong></li> 
 <li><strong>A tech entrepreneur stated that a rise in the price of BTC to $100K will cause a wave of panic buying from the traditional finance sector.</strong></li> 
 <li><strong>BTC was worth about $37,408.58 after its price managed a slight 0.28% increase in the past 24 hours.</strong></li> 
</ul> 
<p>The founder and CEO of Custodia Bank, Caitlin Long, reiterated her belief that <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin (BTC)</a> will take down a global systemically important bank (G-SIB) someday. In an X post published yesterday, Long shared that her prediction is based on the fact that Wall Street views BTC as just another asset class to which it will apply its traditional finance risk models and games.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">INDEED. Still making a prediction I first made in yrs ago: that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> will take down a G-SIB someday precisely bc <a href="https://twitter.com/hashtag/WallSt?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#WallSt</a> views it as just another asset class to which it'll apply its <a href="https://twitter.com/hashtag/tradfi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#tradfi</a> risk models &amp; games (eg, collateral substitution). Already happening. Won't end well. <a href="https://t.co/aB5V7AVh9R" target="_blank" rel="nofollow">https://t.co/aB5V7AVh9R</a></p>— Caitlin Long 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f511.png" alt="🔑" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e0.png" alt="🟠" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CaitlinLong_) <a href="https://twitter.com/CaitlinLong_/status/1727720820514959476?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Included in her post was another X post from a tech entrepreneur by the nam…</p>
<p>The post <a href="https://coinedition.com/how-wall-streets-lack-of-knowledge-could-fuel-a-btc-rally/">How Wall Street’s Lack of Knowledge Could Fuel a BTC Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

How Wall Street’s Lack of Knowledge Could Fuel a BTC Rally

Coin Edition

Other articles published on Nov 24, 2023

Innovative Uphold-Ripple partnership targets $5B in transactions

Which 7 Other Altcoins Are Likely to List on Binance After BLUR? Here is the List

Shiba Inu Rises in Social Crypto Ranks, But Can It Break the $0.000009 Barrier?

Court Approves Terra’s Do Kwon Extradition to U.S. and South Korea

Is Justin Sun, HTX Exchange at Risk of Becoming the Next SBF? Analyst Warns

Shiba Inu (SHIB) Set for 15% Breakthrough, But There's One Major Problem

Join our free newsletter for daily crypto updates!