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Custodia Bank CEO: Traditional financial institutions may face their first "crypto winter"

According to online reports, Custodia Bank CEO Caitlin Long said at the Wyoming blockchain seminar that the mismatch between the traditional financial system and blockchain protocols may affect traditional financial institutions. "Since traditional systems cannot be updated in real time, these fault-tolerant mechanisms are built into the system. In the realm of cryptocurrencies, everything has to be real-time, and cryptocurrencies are a completely different matter. I do worry about how these financial giants will respond when the bear market inevitably comes again. I know some people are optimistic that the bear market will not come again. I've been in this business since 2012, so I knew the bear market would come again."

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