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Caitlyn Long: bitcoin is not the right asset for leveraged trading

Caitlin Long, founder and CEO of Avanti Financial, believes that when it comes to Bitcoin, solvency comes first, and leverage and liquidity are not important.

“When you invest in bitcoin and start losing money, this is an important lesson in understanding what bitcoin is. There are many new people on the market today who are learning this lesson. In the bull market, many use leverage, but old market participants have long understood that it is not worth trading bitcoin with leverage, “said CEO of Avanti Financial.

Long also noted that US regulators are slowly beginning to understand the importance of bitcoin and the need to control the cryptocurrency market. At the same time, she believes that regulators will not prohibit Bitcoin or other cryptocurrencies.

“The point is that if you pay taxes, do not do something illegal, then everything will be fine. Fraudsters, tax evaders and other criminals will have problems, ”Long said.

In her opinion, stablecoins have now become a priority for regulators. Supervisors must ensure that stable cryptocurrencies do not threaten the position of the US dollar in the global financial system.

Earlier this year, Caitlyn Long said that the new OCC rules on payments in stablecoins would only benefit large banks.

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