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Custodia Bank CEO Predicts “Rip Roaring” Bitcoin Bull Market, Slams Warren Wing
CEO of Banco Custodia Caitlin Longo revealed his opinion on the lawsuit against the Federal Reserve Board, which is seen as the most important lawsuit in the crypto industry. She also gave her prediction on when the price of Bitcoin will rise, as it remained within range after reaching a new all-time high.
CEO of Banco Custódia in lawsuit against the Fed
Custodia Bank CEO Caitlin Long and Custodia appellate attorney Michelle Kallen in discussion with attorney James Murphy on CryptoLawTV highlighted the recent development in Bank Custody Process
against the Federal Reserve Board.
Lengthy allegations that the Fed and OCC were unjustified against Banco Custodia for a master account. She said the Fed failed to follow the law and denied a previously requested master account. Escrow is a special purpose depository institution licensed in Wyoming, which it claims is sufficient to receive one of the master accounts. She also criticizes Senator Elizabeth Warren for continuing to tear down crypto, with Operation Choke Point 2.0 still active at the Fed and banking regulator, she said.
Kallen said states and federal entities share the role of governing the banking system according to the Supreme Court. Banco Custódia’s receipt of a master account will be a huge win not only for crypto, but also relevant for other entities trying to obtain a master account.
Bitcoin Price Prediction
Caitlin Long made accurate and meaningful predictions, such as stablecoins with hundreds of billions of market capitalization and Wall Street to finance Bitcoin. She also predicted that Bitcoin will suffer the biggest squeeze in human history following Wall Street’s adoption of Bitcoin.
In a new forecast, Long predicts a “roaring” Bitcoin bull market ahead of the US presidential election, with fundamentals still looking strong despite the drop in price now. She added that the price of BTC has always fallen after each Bitcoin halving due to a stir in miners who could not afford to stay in business and liquidated their BTC holdings. She believes that the price of Bitcoin will rise enormously in October.
BTC Price it currently trades at $61,472, up 1%. Institutional investors and whales bought the dip, but trading volumes are down 35% in the last 24 hours. The Spot BTC ETF saw its first inflow after more than a week, with $31 million in net inflows.
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