Simply Bitcoin Why I’m NOT Buying Bitcoin at $70K (Jamie Dimon's GRAVE Warning) | Bitcoin Simply
Mar 3, 2026
Caitlin Long, former Wall Street exec who founded Custodia Bank, speaks about regulatory pushback against crypto banking. Jamie Dimon, JPMorgan CEO, criticizes stablecoin rewards and voices banking industry concerns. They discuss banks resisting crypto, Washington obstacles, market-structure rumors, and why a true Bitcoin breakout faces macro and systemic headwinds.
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Rumor Fueled $70K Move Is Not A Real Catalyst
- Bitcoin's jump to $70K was driven by rumor of a market structure bill, not fresh liquidity or fundamentals.
- Dante Cook warns that speculation and hope of legislation are weak catalysts for a sustained rally.
Banks See Stablecoins As A Threat To Core Profits
- Major banks oppose stablecoin rewards because they threaten deposits, settlements, and payments — their core profits.
- Jamie Dimon argues crypto firms wanting bank-like privileges should become banks and meet regulatory burdens first.
Custodia Bank Was Denied Fed Access Despite Becoming A Bank
- Caitlin Long launched Custodia Bank as a 100% reserve bank to bridge crypto and traditional finance.
- The Federal Reserve denied Custodia a master account and later rulings continued to block its access, showing resistance to crypto banks.