Celsius Network Review - Future of Finance
Snowball Your Savings with Compound Interest
Disclaimer: This is not financial advice. I’m not an expert & you should do your own research.
“When bankers get together for dinner, they discuss Art. When artists get together for dinner, they discuss Money.”
This is one of those popular fake quotes. Sometimes attributed to Picasso or Oscar Wilde.
But it doesn’t matter who said it. Because it’s true.
Want a sure-fire way to create popular content? Talk about making money on the platform you’re publishing on.
From YouTube to Medium and even Twitter.
Money is the hard part. Always has been.
But maybe… not so much anymore.
Celsius Network
Celsius empowers your financial freedom.
Earn amazing interest on crypto & stable coins
Take out loans against it
It’s basically a bank. But instead of all the interest going to the shareholders, it goes to the users.
It’s one of the many DeFi platforms. But it has a few benefits that make it better than the rest.
I Trust You Good Ser
Alex Mashinsky founded Celsius in 2017. The project has been around for a while. And more importantly, it has all the signs of a great investment.
Great leadership - Mashinsky is a rockstar entrepreneur with a track record of winning. Not to mention all the other successful folks on their team.
A working product - The product works. I’ve been using it for over a year now and I’ve never had a problem with it. It’s shockingly simple. Plus, it survived the 2018 bear market. This shows that it’s going to be around even if crypto crashes.
An active community - thousands of people use Celsius every day. And they’re passionate about it. Go look around the founder’s Twitter account or the subreddit.
And here’s the thing. They’re not promising insane returns. On most assets, you’re looking at somewhere between 4 and 10%
Those are the kinds of returns that are sustainable and safe.
Snowball Your Savings
If you have a savings account in a trad bank, you’re making money for the bankers. You’re earning a fraction of the value your savings create.
Instead, you should be earning a fair interest on your savings account. If you don’t like the volatility of crypto, you can earn interest on stable coins.
These offer the highest interest rates. Right now, I’m earning 8.5% interest on my USDC. That all used to be money sitting in a savings account. Now, my money is working for me.
And the best part?
You earn interest on the interest.
This makes it easy to have that snowball effect where you’re passively earning an insane amount of money in a few years.
This is compound interest.
Earning Crypto
Earning interest on your crypto is a little lower. It’ll be around 6% depending on the asset. But this might be a better option if you’re a long-term believer in crypto like me.
When you earn interest on your crypto, you get paid in kind. This means that you’ll get 5.3% more Ethereum every year regardless of the price in USD.
If you’re bullish on Ethereum, it’s not a bad idea to just get more. And this is the way to do it.
Sooner or later, we’ll have one of those parabolic rallies that makes a bunch of millionaires. And if you’re already holding crypto waiting for that day, why not get more for free?
This might make you rich in terms of USD. But it’s actually not a good idea to sell your crypto.
Here’s what you should do instead.
Borrow Against Crypto
One of the most unfair advantages of being rich is that your net worth is tied up in stock. Zuckerberg owns a lot of Facebook stock. Musk owns a lot of Tesla stock. Etc.
And despite being billionaires, they’re still holding.
Why?
If they sell all their stock it would be bad:
The stock price would crash
They’d have to pay a giant capital gains tax
Instead, they borrow money against their stock. And these interest rates are insanely low because they’re trustworthy with collateral.
Here’s how you can do the same
Let’s say you start buying crypto every week and earning interest on Celsius. And then, the next bull run happens. Prices go to the moon.
You’ve got $1m worth of Ethereum.
Instead of selling it, you can borrow against it on Celsius.
You don’t bring down the price of Eth with sell-side pressure
You avoid paying giant capital gains taxes
You still own all that Ethereum
This is what smart money does.
As someone who believes in the Crypto Creator Economy, this is my exact strategy.
This maximizes:
Financial Freedom
Free time for creation
Upside potential with low risk
If you want to join me and the 1.5 million people on Celsius Network, you can sign up below.
If you sign up with my link, you’ll earn $50 of Bitcoin with your 1st transfer of $400. 🤝