Celsius Network: Regulations & Yield on Crypto Assets

Published on
December 7th, 2020
61 minutes

Celsius Network: Regulations & Yield on Crypto Assets

The Interview - Crypto ·
Featuring Alex Mashinsky

Published on: December 7th, 2020 • Duration: 61 minutes

Alex Mashinsky, CEO of Celsius Network, joins Real Vision senior editor Ash Bennington to discuss the Celsius Network, decentralized finance, and crypto regulations. Mashinsky explains how yield can be earned on 30+ different crypto assets and where this yield comes from. He describes the process of becoming a regulated crypto product, which can be complex, but beneficial to both the users and the product. He touches on some of the risks involved with asset lending and the collateral requirements to mitigate risk. Filmed on November 18, 2020. Key Learnings: The Celsius Network provides a low risk way of earning yield on a wide variety of crypto assets, and this video thoroughly describes the way the yield is earned, some of the risks involved, and the process of becoming a regulated crypto product.



  • JI
    Jamal I.
    1 February 2021 @ 19:48
    I just tried verifying my profile with a New York address an it stated that Celsius app is not allowed in NY state due to local laws. Has anyone else had any other luck registering in New York state?
  • SK
    Stan K.
    26 January 2021 @ 08:08
    Why does the space bar move the video backward? When are we going to get this player working?
  • TE
    Tom E.
    23 January 2021 @ 12:14
    Super interview. Learnt a ton from it. Thanks Ash and Alex.
  • JL
    Joshua L.
    23 January 2021 @ 05:30
    I love Celsius but try contacting their support.. People will not give up their banks when they have no support in their time of need.
  • jg
    john g.
    14 January 2021 @ 20:35
    loving this company!
  • MP
    Matthew P.
    10 December 2020 @ 13:14
    Just curious. BlockFi seems to be doing the same deposit/earn deal. I was looking at them before watching this nice piece. Can't tell... but BlockFi definitely wont pay you interest in CEL lol. My guess is they will roll it back into whatever coin you deposit, compounding interest. Which Celcius will too. ANyone go down the rabbit hole and can share why Celcius over BlockFi? Alex alone seems like a reason.
    • SC
      Steve C.
      10 December 2020 @ 17:19
      Hi Mathew, I have gone down this rabbit hole a few months ago and here is what I concluded. There are three main players on my radar in this space and I have an account with them all; BlockFi, Celcius, and Nexo. They all seem legit and quality companies. I was originally worried about the counter party risk of storing my crypto so I invested a large sum of funds into all three. All three companies have similar rates and offerings. Some have marginally higher rates for BTC and lower on ETH or vice versa and they occasionally change. I feel secure spreading out my risk by supporting all three companies but I think you will enjoy working with either company you choose. Alex is one of my favorite people in the Crypto revolution and he seems to be doing what he does for all the right reasons. He obviously does not need the money and wants to contribute to humanity. Celcius will continue to thrive because of the way he looks out for his customers. I don't hold and CEL tokens but I am buying some after this interview!
    • KB
      Kieran B.
      1 January 2021 @ 23:22
      You are correct in that the alternatives pay in kind. As to which you should go with, if you enjoy paying fees, Blockfi or Nexo is fine. If you don't like paying fees and want to keep more of your money, Celsius is the obvious choice.
  • DW
    Dean W.
    23 December 2020 @ 01:48
    Finally got around to watching this. Time well spent. Will seriously consider putting some my assets at Celsius.
  • AC
    Andrew C.
    20 December 2020 @ 15:50
    Wow, mind blowing. F*ck the banks because they have no interest in looking after the customers. I'm going to give the Celsius Network a go with my crypto. With the bull run happening now my Link holdings will go up dramatically in 2021 and the interest gains will be dramatic with interest compounding in cell tokens. When I cash out it makes sense to go to Cell waiting for the bear market for cheap buy back into Link. If I play it safe and profit $4000000 + the interest earned through the bull run and tie that into yielding interest. And just wait for the bear market cheap prices. I know their is risk involved but so there is with the robbing banks. I feel this is the future for finance. Great respect to Alex Mashinsky.
  • TL
    Tom L.
    7 December 2020 @ 14:48
    You got me, I made an account. Great interview!
    • AB
      Ash B. | Real Vision
      7 December 2020 @ 15:31
      Thanks, Tom. Welcome to the platform!
    • MJ
      Marius J.
      18 December 2020 @ 11:29
      Me too
  • jh
    jim h.
    15 December 2020 @ 01:29
    Super interview...thank you for all the insights
  • TP
    Timothy P.
    7 December 2020 @ 18:36
    Oh good, another ERC-20 coin dependent on the shifting sands of ETH's roadmap and future disaster pivot to PoS. I find it interesting that someone who enjoys the benefits of capitalism is so eager to trash it, and then later on profess his love of regulations and AML/KYC - which only further enables the very system he decries. He loves China though, with their centralized Yuan issuance. When rent-seekers like this come knocking, with the usual "too volatile" arguments and magic hand-waving about how they arb their profit over different markets, I just have one simple question that needs to be asked to blow away all the promotional smoke. "Why hold your coin for a paltry 10% when I can get better yield on my underlying?" Also, does Alex think he'll be unscathed just because he's nestled in the folds of "regulation" when they come for stablecoins and other issued tokens that have a centralized head? Its happening already, and his entire business model could go up in smoke. It wouldn't be the first time lawmakers legislated someone out into the cold. Other fun moments: Ash "Are you a bank or..." Alex < long rambling exposition that doesn't answer the question > Ash < moves on to new topic, no push-back > Alex "As (Bitcoin) becomes a form of payment, the upside will be capped." Ash < nods along > Did he just say that as massive demand comes in for a deflationary coin that the upside will be capped? Did he really utter those words? (Yes he did, around 46min 13sec time mark) -- that isn't going to age well. Oh, and another score for Ash as he promotes the "Bitcoin Maximalist" slur coined by Vitalik Buterin. We get it dude, you've bought into that meme - just tired of that being bandied around with nary a thought to its origin.
    • AB
      Ash B. | Real Vision
      7 December 2020 @ 18:59
      Timothy, Serious question: Is there a term you prefer to bitcoin maximalism? For example, how would you describe yourself?
    • MK
      Michal K.
      7 December 2020 @ 19:13
      "Why hold your coin for a paltry 10% when I can get better yield on my underlying?" How average Joe can generate better yield on BTC ? By 100x leverage shorting on Bitmex or Binance? Or maybe by farming sushi ? If you know the way hpw to generate with higher yield on your BTC with similar risk or effort - please share it. I think I am not the only one here who would like to learn new ways how to earn few extra bucks. „Did he just say that as massive demand comes in for a deflationary coin that the upside will be capped? Did he really utter those words? (Yes he did, around 46min 13sec time mark) -- that isn't going to age well.” No, what he said is that “ as BTC become more and more as form of payment that means that upside will be capped”. One of a core features expected from the form of payment is low volatility- you do not want to transact with asset that can drop 10% in 40 minutes or 40% in one day. So in other words, it means that BTC become widely adopted form of payment only if it lose its volatility, capped volatility = capped potential for growth. There is no high growth potential without volatility.
    • AM
      Alex M.
      7 December 2020 @ 19:52
      You do not need CEL token to earn 10.5% on Celsius Network. You do need to do KYC/AML so we all stay compliant and part of the system Giving depositors 80% back is what every investor should expect from a company acting in their best interest. We do that and charge NO FEES.
    • TP
      Timothy P.
      7 December 2020 @ 23:12
      @Ash -- I'd describe myself as a Bitcoin realist. What does that mean? It means I only stay with the top dog as long as those metrics prove themselves, month to month. The very moment I sense there's something wrong, I shift elsewhere. Its served me well, I was able to avoid the Mt Gox disaster primarily because I was watching metrics for withdrawals, they signaled trouble months before the exchange itself imploded. It also has served me well for not investing in sketchy projects that promise large returns for little to zero effort. People have this viewpoint -- thanks to the "maximalist" slur that Vitalik invented - that people in Bitcoin stay regardless of what happens. That is utterly wrong in my case, as I view it as a trade and when the trade no longer makes any sense for me - I'm out. There is a long tail to failed projects in this space, and it looks like with pending legislation that stablecoins in addition to this ERC-20 token will be one of them.
    • TH
      T H.
      8 December 2020 @ 07:06
      Timothy P., I'm noticing a pattern in your comments. I'm just a lowly community member, but I'm asking you to please reconsider the ongoing barrage of vitriolic commentary on almost every video. A lot of people are here trying to learn some things, are interested to listen to the diverse perspectives presented by the guests who have offered up their time and experience, all of which by the way have been offered to us 'for free'. Democratization of good insight and information is clearly part of the mission. Have you heard the expression "don't look a gift horse in the mouth"? I humbly suggest you take that expression to heart. Good criticism is of course welcomed, and it seems you have some real experience that could add value. But not unless a basis of respect is maintained. Many of us are here because it is a serious and intellectual refuge from the banal toxicity that has become normalized almost everywhere online in the most insufferable ways. Please respect that 'consensus'. If you cannot, there are many other places to go online and chat away without any restraint whatsoever.
    • TP
      Timothy P.
      8 December 2020 @ 12:50
      @TH - You want to police my posts? Who gave you that right? If you disagree, then downvote like the others and move on. Are people so afraid of contrary thinking that they can't bear to read it? Then its their loss. I won't apologize for having an opinion and articulating it. Ever.
    • JT
      Jackson T.
      8 December 2020 @ 20:30
      I have down voted.
    • AM
      Alex M.
      10 December 2020 @ 21:29
      here is my answer https://markets.businessinsider.com/news/stocks/celsius-network-partners-with-chainalysis-to-confirm-audit-of-3-31-billion-in-assets-1029878591https://www.kitco.com/news/video/show/Market-Analysis/3119/2020-12-02/Bitcoin-price-to-retest-$15000-says-Alex-Mashinsky-who-called-all-time-highs-in-2020#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis
    • SR
      14 December 2020 @ 01:04
      LOL, I love this thread! This is awesome! Keep voicing your opinions! I gave you a thumbs up! @Timothy Just to add I believe that bitcoin is really the true and only decentralized asset out there. Everything else is usually a project run by someone and definitely has that chance of failing, so I agree with you on that. HOWEVER, personally I love learning about projects and exploring crypto. It's really amazing and one of the best ways for me to learn about them is to get my feet wet and try a bit of everything. I never go all in. But I do invest a little with CEL. I'm actually a big Fan of Alex Mashinsky and do respect and use Celsius!!!!! Just had to say. My bitcoin holdings are in cold storage, but most of my alt coins are in the CEL app and I choose to earn in cel tokens. In my opinion, if anyone is just looking to hold bitcoin as an asset, then hold bitcoin in cold storage and forget about it. But if you're interested in earning Yield, Mashinsky offers a great app! In addition to earning yield by leaving your coins in a 'high interest savings account', there are also other options outside of CEL/BlockFi/Nexo... You can be a Liqudity Provider on Uniswap and earn yield (a piece of the transaction fee), you can stake coins on Binance (earn yield but coins are locked up for a specific time), you can stake coins that produce tokens which you can use to earn more yield (yield farming), and there are protocols like Melon Finance which allows you to create your own hedge fund and trade other people's crypto if people choose to invest with you and you make the MER (management expense ratio) fees. These are just a few of the many different projects out there. Will they all last and be super successful?? No, I definitely don't think so. But is it worth learning about and maybe trying out with a little bit of money? HELL YEAH!! The top 10 tech companies of the dotcom bubble are definitely not the same as the top 10 right now, but that doesn't mean we should just give up on all tech companies or have a hatred towards them. companies don't' have feelings. And as such, Crypto projects don't have feelings. I don't have a hatred towards any company. And I know there is a chance most of these companies might not make it. But hey, it's exciting to get your feet a little wet and LEARN! (clearly I learn by experimenting lol)
  • PC
    Patrik C.
    9 December 2020 @ 17:44
    I really like the user experience watching the video. It's better than YouTube. Is this video actually on YouTube or own it's own I wonder?
    • SR
      14 December 2020 @ 00:28
      This video is on it's own and may get put onto Real Vision's Youtube channel on a future date.
  • UJ
    Ulf J.
    13 December 2020 @ 09:41
    We must leave banks, I give one example in Sweden, and Swedbank an older retired man who forgot to pay his electrical bill and they cut off his electricity after a long time, so he owned the company a significant amount of money for a man on pension, but people helped him with cash, but the Bank refused him to put in the money on his account because they did not accept that he got money without proving the origin of the funds. He can't pay the bill with cash.
  • TM
    Tommy M.
    12 December 2020 @ 17:26
    Can we get the transcript please?
  • VA
    Vladimir A.
    8 December 2020 @ 08:13
    Oh, and one more thing Alex M - please explain how Celsius funded the ETH it staked in the launch of ETH2.0. As I understand it, the staked ETH are locked up for about 2 years until the next stage of ETH. Were the staked ETH purchased with Celsius treasury funds? Or did they come from customer ETH deposits? If staked with customer ETH, what happens if all those folks want their ETH back? Thanks.
    • TT
      Theo T.
      8 December 2020 @ 18:40
      Great question. We can safely say it wasn't from the treasury because you can go look at the treasury address and see if any amount was liquidated.
    • PC
      Patrik C.
      9 December 2020 @ 17:46
      This is a good question. Maybe he will answer it in an upcoming AMA. He may have already answered it for all we know.
    • AM
      Alex M.
      10 December 2020 @ 21:25
      We hold over 250,000 ETH from customers and add more every day, the 25,000 ETH2 contribution (10x more than Vitalik did) is designed to increase the yield so we can raise the interest we pay you for your ETH.
    • VA
      Vladimir A.
      12 December 2020 @ 01:13
      Thanks for your response Alex. Reading between the lines, I see that the answer is yes, customer ETH deposits were used for the ETH2.0 staking. My assumption is that your Risk team assessed that there is very little chance that Celsius ETH depositors will attempt to withdraw 90% of Celsius ETH deposits at once anytime in the next two years. Reasonable assumption. If that does happen, Celsius would have to use some of their Treasury funds to buy ETH on exchanges. Probably not the end of the world.
  • JA
    John A.
    10 December 2020 @ 22:48
    10% from Risk Arb sounds too good to be true. But I'll keep an eye on the space.
  • LS
    Lewis S.
    8 December 2020 @ 02:31
    I've made more interest on celsius in the last few months than I have from bank accounts since 1995.
    • PC
      Patrik C.
      9 December 2020 @ 17:49
      I believe it.
    • AM
      Alex M.
      10 December 2020 @ 21:27
      Woo Woo !!!
  • TT
    Theo T.
    8 December 2020 @ 18:56
    Since Alex is actually on here. I would really like to hear his thoughts on how the treasury is valuable when there might not be any demand in the event the treasury is actually needed. OR maybe share the long term plan, to slowly hedge some of that into BTC or USDT? I am not trying to spread FUD. I am a Celsius customer and supporter. I have gotten a handful of people to become customers as well. But I am curious how he thinks about this situation.
    • TT
      Theo T.
      9 December 2020 @ 17:53
      Everyone like this so we can get an answer.
    • AM
      Alex M.
      10 December 2020 @ 21:22
      We have over $700m in CEL and over $100m in cash because we are profitable, when we will sell CEL has to do with our cash needs and fair market value (we don't think we are there yet :) )https://markets.businessinsider.com/news/stocks/celsius-network-partners-with-chainalysis-to-confirm-audit-of-3-31-billion-in-assets-1029878591 CEL is still not growing as fast as our AUM (this number excludes our Treasury)
  • AM
    Alex M.
    10 December 2020 @ 21:16
    here is one reason, we actually help develop the blockchain technology supporting 13 Chains and 33, pioneering audit and AUM transparency. tokenshttps://markets.businessinsider.com/news/stocks/celsius-network-partners-with-chainalysis-to-confirm-audit-of-3-31-billion-in-assets-1029878591
  • SC
    Steve C.
    10 December 2020 @ 17:22
    Wow! Real Vision is doing such a great service with all of this content. Big thank you! Alex is a total stud and so is Ash.
  • AA
    Andy A.
    9 December 2020 @ 05:11
    Ok, my fellow subscribers on Nuggets News recommend Celsius, and now I have heard Alex speak. I am IN! Signed up. Thanks RealVision.
    • MP
      Matthew P.
      10 December 2020 @ 13:18
      Can you share that video please. Cant find which one on NN. Just curious. BlockFi seems to be doing the same deposit/earn deal. I was looking at them before watching this nice piece. Can't tell... but BlockFi definitely wont pay you interest in CEL lol. My guess is they will roll it back into whatever coin you deposit, compounding interest. Which Celcius will too. Did you happen to research BlockFi? Alex alone seems like a reason.
  • JM
    Jonathan M.
    9 December 2020 @ 20:39
    I just became a Celsius investor a few months ago and I'm a huge fan of Alex.
    • MP
      Matthew P.
      10 December 2020 @ 13:15
      Just curious. BlockFi seems to be doing the same deposit/earn deal. I was looking at them before watching this nice piece. Can't tell... but BlockFi definitely wont pay you interest in CEL lol. My guess is they will roll it back into whatever coin you deposit, compounding interest. Which Celcius will too. Did you happen to research BlockFi? Alex alone seems like a reason.
  • PJ
    Peter J.
    10 December 2020 @ 09:57
    Blown away. One of the best RV interviews I’ve watched. Been here from near the start.
  • VN
    Viviann N.
    10 December 2020 @ 07:28
    Alex is something else and I wholeheartedly support Celsius.
  • PC
    Patrik C.
    9 December 2020 @ 17:52
    Celsius looks like a game changer to me. I now have a platform to teach my sons the benefits of saving money and earning significant interest income. This is something that an entire generation of youth haven't seen ever.
  • MJ
    Marius J.
    9 December 2020 @ 14:53
  • VA
    Vladimir A.
    8 December 2020 @ 03:53
    I'll take Celsius over BlockFi. I trust this Alex guy. BlockFi seems to have a lot of hidden gotchas and is not designed from the ground up to benefit users.
    • VD
      Valerio D.
      9 December 2020 @ 13:04
      BlockFI is designed to make money off fees, credit card charges, and old bank tricks that make their customers poorer. And the continuous censoring and ccp behavior is worth closing the account over.
  • MC
    Mike C.
    9 December 2020 @ 04:00
    One of the best crypto interviews yet. The crypto content is better than the traditional macro markets content now.
    • SP
      Sat P.
      9 December 2020 @ 10:43
      I agree. Nothing makes me go to sleep faster than hearing people talking about bonds and similar topics.
  • SP
    Sat P.
    9 December 2020 @ 10:42
    What an amazing guest. I love how he is going after the banks like this just as he did in telecoms.
  • JT
    Jackson T.
    8 December 2020 @ 20:31
    Really enjoyed the interview, good job real vision.
  • MS
    Michael S.
    8 December 2020 @ 20:11
    What a great interview! Thanks!
  • MG
    Mac G.
    8 December 2020 @ 18:50
    Great interview?
    • TT
      Theo T.
      8 December 2020 @ 18:56
      worth watching every minute, rewinding certain parts, rewatching multiple parts, and very few parts worth 2x speed.
  • TT
    Theo T.
    8 December 2020 @ 18:40
    Anyone care to explain how borrowing the assets removed the institutions from the risk position? If they lose value in USD and they return the same amount of BTC back, wouldn't that mean they are exposed to the risk?
  • IH
    Ian H.
    8 December 2020 @ 17:52
    Feel like i have been saying this monthly, but this may have been the best RV Crypto interview yet.
  • JL
    JAMES L.
    8 December 2020 @ 17:26
    XinFin hybrid blockchain (permissioned for privacy and permissionless for transparency) has been created and combines xrp, eth, and btc ... banks onboarding soon ... already onboarding validus (singapore) and globiance (singapore) who will issue stable coins backed by MAS (Monetary Authority of Singapore) ... 2,000 transactions per second ... a new block on delegated proof of stake every 2 seconds ... validated with finality .. xinfin.org
  • RM
    Richard M.
    8 December 2020 @ 03:25
    Hi. What happens if I deposit 1 BTC, Celsius lends that 1 BTC to an institution in return for $30,000 collateral, the price of BTC has a dramatic price increase in 1 day (such as goes from $20,000 to $35,000 in 1 day), and it is in the financial interest of the institution to default on the loan since the 1 BTC it received is worth more than the collateral? All Celsius would be able to pay me back is $30,000 instead of my 1 BTC in that example? Thank you
    • MK
      Michal K.
      8 December 2020 @ 10:42
      @Richard I will try to explain it altough I am not a Celsius team member just a customer and investor. In case of retail loans ( speaking from personal experience with Celsius) your LTV is maximum 50% or in other words you need to deposit collateral minimum 2x higher than your loan. I believe the same principle exists on institutional loans side. So in this mentioned by you, particular case, collateral should be 40K USD and somwhere around 30K USD per 1 BTC - Celsius will contact borrower with margin call and ask: -to raise collateral -to pay back part or entire loan I think this 50% LTV secures enough time to act and protect depositors - in Celsius case mostly retial community members. This is a personal note but I am continiously amazed how Alex managing to atract and mantain great people on every level of organization. I received a margin call during March BTC squezee and the way Celsius stuff handled that was superb. Experience was more like very friendly conversation between equall partners. I have no clue how they managed to conatct personally in every case, during those crazy days but they did. There might be a challenge to scale it in the future but there is unique value in such attitude. It builds trust and relation and in long terms, in service business those two words means low churn and great word of mouth promotion.
    • BA
      Bruno A.
      8 December 2020 @ 17:13
      Hi Richard, I have explained the mechanics of Celsius Network in this article: https://celsiushub.com/article/celsius-network-how-it-works-and-why-it-works-1606079781079x463172246308913150
  • MM
    Matt M.
    8 December 2020 @ 16:15
    Great interview with Alex. He is truly a great entrepreneur and incredible American success story. #MOIP. Please have him back.
  • JL
    Julien L.
    8 December 2020 @ 13:42
    Happy to see Alex Mashinsky here. Celsius is awesome !
  • MD
    Marco D.
    8 December 2020 @ 12:36
    Really enjoyed this one, cheers
  • PG
    Pande G.
    8 December 2020 @ 10:51
    Celsius is giving me financial freedom, that's all I can say and all I need to say
  • AR
    Andy R.
    7 December 2020 @ 21:49
    Never trust a man who dyes his hair.
    • RF
      Robert F.
      7 December 2020 @ 23:56
    • AM
      Alex M.
      8 December 2020 @ 01:01
      I can assure you it is all natural :) my wife prefers salt & pepper but it refuses to come out.
    • VA
      Vladimir A.
      8 December 2020 @ 03:55
      ^ Alex, dude, you're reading these boards? Awesome.
    • WC
      William C.
      8 December 2020 @ 10:04
      The Machine is everywhere. Alex you must never sleep.
  • ig
    ian g.
    8 December 2020 @ 02:14
    The tribe at Celsius like to call Alex Mashinsky the "Machine " ! I have been in the crypto sphere since 2014 .Invested in CEL from day one and I am collecting yield and benefiting from the raise of my assets value . There is no other crypto project like Celsius - giving back to the community of depositors that is as credible and complaint.
  • JC
    Jong C.
    8 December 2020 @ 01:50
    Brilliant interview and very powerful message! Thank RV for this interview.
  • PD
    Peter D.
    7 December 2020 @ 15:57
    Celsius is great, and I am a hodler. Yet.... . What concerns me is that 7 addresses hold by far the majority of all CEL tokens. 8 addresses hold roughly 92% of the CEL float. What if....
    • MK
      Michal K.
      7 December 2020 @ 18:36
      Yes numbers does not lie, however once you get in to the details it makes all the sense in the world. Concentration is so high because only 6% of all available tokens are stored outside of the Celsius app/system, what means that staggering majority of Cel token hodlers is generating yield on their assets and no willing to sell their tokens ( at least at current prices). When you add to this exponentially growing number of depositors ( majority of them prefer to earn interests in Cel if available) and fact that Celsius week by week have to buy back Cel tokens from the market ( to pay interests) you got recipe for token supply squeeze with rapidly expanding demand. If from any reason growth number of users flattens, Cel token should appreciate due to the growth of whole Crypto market capitalization. While value of crypto deposited in Celsius grows in USD value Celsius will have to buy more Cel tokens to pay weekly interest, more demand for tokens means… So Cel token is kind of a hedge, regardless if Celsius will grow its AUM or we will have bull run on BTC price - Cel token should appreciate. In case of both ofit happened at the same time Cel token should appreciate even more. In fact, this is exactly what happened in last 12 months when Cel token rocketed form 5 cents to 2,5 USD…
    • AM
      Alex M.
      8 December 2020 @ 01:04
      Celsius Treasury is half the tokens and we did not sell any since ICO, the 250,000 depositors all hold in one wallet so your analysis does not mean it is so concentrated. Yes most coins are deposited with Celsius.
  • MD
    Mark D.
    7 December 2020 @ 22:12
    Alex is blind to XRP. Libra as a payment system? Please... And for the record, I own Bitcoin too. Store of value - agreed. Payments - XRP.
    • cd
      chabu d.
      7 December 2020 @ 22:52
      Please open your yes Mark and see through the charade.
    • AM
      Alex M.
      8 December 2020 @ 01:00
      Celsius has close to $100m in XRP and supports the Spark token...
  • jo
    j o.
    8 December 2020 @ 00:57
    Alex is like Alexander the Great in that when charging headlong into the battle (with the banks) you look over and there he is wielding his sword in the fight for financial freedom for every man/woman on planet earth. Enjoying VOIP much these days? How much you paying for that? Now it's MOIP? How much interest income you earning with that? You seeing a pattern here? You might want to download the Celsius app...
  • BA
    Bruno A.
    7 December 2020 @ 21:58
    One of the most promising crypto project with a strong hodlers community! Loved the interview, I was looking forward to seeing Alex on Real Vision. You are both working towards the same goal: - Real Vision: democratizing high-quality financial education. - Celsius Network: democratizing interest income. A match made in heaven!
  • rg
    ralph g.
    7 December 2020 @ 21:42
    amazing interview, Alex its the best CEO on crypto, definetly the most transparent, 80% of revenue back to the community its just madness ! Love Celsius and love CEL token! thanks for the interview RealVision !
  • JG
    JAMES G.
    7 December 2020 @ 20:57
    Listened twice already. With Real Vision I often believe I’m learning one of the most important things in the last year. Then they deliver again with another interview like this!
  • RS
    Rui S.
    7 December 2020 @ 19:14
    Fantastic video ! Everyone should see it...
  • MO
    Master O.
    7 December 2020 @ 17:14
    So where do I put some of my surplus cash celsius or blockfi? I can't decide.
    • MK
      Michal K.
      7 December 2020 @ 18:01
      I deposited BTC, USDC and CEL in Celsius and collecting weekly interest, for example rates for this week are respectively 4,51% APY ( BTC); 10,51% ( USDC) and 5,12% ( CEL). However in case you decide to collect your interest not in kind ( e.g BTC on BTC, USDC on USDC) but in CEL tokens you can reach even 5,73% for BTC and 13,86% on USDC. Certainly option to earn in CEL must by available in your jurisdiction. For me it worked exceptionally well, since CEL appreciated massively (almost 5000%) in last 12 months - USD value of collected interests (on BTC and USDC) right now has higher value than the principal... I do not expect of Cel to repeat last year’s growth in next few years, however in my opinion CEL should outperform BTC, also in worst case you are only risking interest - so Sharpe’a ratio is exceptional here. I also took BTC collaterized loan in Celsius. Initially I tried to take it via BlockFi ( in Celsius at that moment loans were not available in my country), but once I went trough the loan agreement and found “2% orgination fee” ( not communicated and not illustrated in loans calculator available on the website ) I resigned. Eventually, after some time I took two loans with Celsius, paid back early one and extended the other and everything worked flawlessly. Both Celsius and Blockfi are in opinion equally credible and complaint. Please bare in mind that I might be biased, I participated in Celsius ICO in 2018 and I still hodl Cel tokens - so as always, please do your own research.
    • KH
      Kyle H.
      7 December 2020 @ 18:13
      Celsius has the best rates + Alex is seriously doing good for the depositors. 80% of the interest profits they make from lending to the institutions are pushed right back to the depositor. This means Celsius will always have the best rates in the industry... not to mention... they are available in NY State!
  • DM
    David M.
    7 December 2020 @ 17:35
    Great interview! I've been in w Celsius for 1.5 years, getting weekly earnings and letting them compound and add to the next week's earnings. Their focus on giving back to the community of depositors, unlike the banks, and getting regular, working people on the track toward financial independence by holding crypto, and by serving institutional borrowers, is the way to get mass adoption of crypto and BTC. IMHO, Celsius and Mashinsky have the best ethic and vision for PEOPLE and helping them succeed.
  • TG
    Tomasz G.
    7 December 2020 @ 16:12
    Thank you Real Vision Team !
  • jv
    jorge v.
    7 December 2020 @ 15:53
    You do not hear "business men" talking this way ever, as he says it is always about giving back to their shareholders but never about helping normal working people, and this is worldwide. This is not only a financial revolution but a revolution against the elites, and companies like Real Vision and Celsius are really making a contribution, congrats great work!!!
  • CM
    Colin M.
    7 December 2020 @ 15:35
    Really enjoyed this 1 hour, great interview, thanks a lot.
  • YB
    Yannick B.
    7 December 2020 @ 15:24
    Alex is awesome 😎, I am on the Celsius platform and collecting yield and benefiting from the rais of my assets value since one year now ! I recommend his platform:-) thx to real vision for this one . It’s simply proving me agin that subscribing was indeed a great 👍 idea 💡
  • MW
    McChicken W.
    7 December 2020 @ 11:09
    I'm a small Ceslius and CEL-token investor, I do like the transparent approach from Alex, however as he is opento admit to "win" over Telephone companies is one thing... Banks however is a much greater task, you step on the "Biggest Toes in the world". But I do all I can to help people to un-Bank ourselves, that is a part of true freedom
    • JV
      Jerry V.
      7 December 2020 @ 12:39
      I'm curious, how would I get my dollars into Celsius if I didn't use a bank?? Every method of moving my money I earn goes through a bank before it can be transformed into crypto. Thanks
    • TL
      Tom L.
      7 December 2020 @ 14:57
      Jerry V, you have a few options, P2P trading and crypto ATMS, You also have cashapp which let's you top up at Wallmart. Paypal is another option.
  • NJ
    Nesko J.
    7 December 2020 @ 14:27
    👍 Alex is amazing entrepreneur. Thanks RV for bringing him for the interview. Would love to hear from him in a while again on yield and other interesting stuff he is working on. 🙏
  • WC
    William C.
    7 December 2020 @ 12:21
    Could listen to Alex for hours, One of the best guest ive seen on RV. His vision and easy to understand explanation is on point and his enthusiasm is infectious. Please have him on more. Ash did a great job but love to see Raul bounce ideas off him also. More Alex please.
  • BT
    Boris T.
    7 December 2020 @ 11:41
    Looking forward to watching this one when I have the hour to spare. Mashinsky seems like to me he is the most solid CEO in the space of crypto-lending. He has a coherent and consistent approach, has a proven track record as an entrepreneur, has a background to understand the technical aspects, and also understands the world of finance.
  • KA
    Keithy A.
    7 December 2020 @ 10:29
    One word: Brilliant!
  • MB
    Marlowe B.
    7 December 2020 @ 07:18
    Celsius is life changing for so many people. Can’t speak more highly about this company, the management team and the transparency that so many seek when dealing with financial institutions. Great interview!