EY Blockchain Leader Says Firms Need Long-Term Plan for Bitcoin

The video discusses the recent drop in Bitcoin's price, influenced by Lloyds Bank and other credit card issuers halting cryptocurrency purchases. Angus Champion de Crespigny from EY provides insights into the volatility of Bitcoin and the role of credit in its price surge. The discussion also covers consumer behavior, such as margin loans, and the impact on Bitcoin's price. Finally, the video explores institutional interest in cryptocurrencies, emphasizing the need for long-term strategies despite market fluctuations.

What factors contributed to the recent price volatility of Bitcoin?

How has Lloyds Bank's decision affected the purchasing of cryptocurrencies?

What role do credit cards play in the cryptocurrency market according to the discussion?

Discuss the impact of margin loans on consumer investment in cryptocurrencies.

What long-term strategies should institutions consider when investing in cryptocurrencies?