60: US Banks to become Custodians of Bitcoin

Go Full Crypto

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3y ago 40:07

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US Banks are gearing up to offer their customers the opportunity to buy Bitcoin and offer custodianship for that Bitcoin. We discuss the pros and cons of this news, as well as what this means for ownership and adoption of Bitcoin. Tune in to hear a discussion on what this means for Bitcoin, frontrunning, and ponzi schemes.

(00:00) - Introduction

(02:07) - Two interesting pieces of news that hit the cryptosphere recently

(04:06) - US Banks have declared that they will start being custodians of Bitcoin

(10:20) - Making a case for the likes of Wealthsimple

(12:34) - Trust in banks, vs trust in crypto

(19:32) - Discussing Frontrunning

(26:28) - Is money a Ponzi Scheme?

(36:23) - Wrapping up, and closing thoughts

Edited and Mixed by Kaushik Sethunath.

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