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Alex Mashinsky is the leader of the new banking era. Mashinsky is making products to bank with crypto, which has really changed how many people view money. Mashinsky’s is all about getting on the path of financial freedom with crypto.
Mashinsky is very inspiring as he gives an element of caring/trust to the retail investors in an industry facing many attacks. Still, it will only make it stronger and smarter.
Mashinsky: For those who are trying to make some passive income, we have 12 different fiat currencies. Celsius pays 8.8%; if you have Bitcoin, it is 6.2%. If you have some other assets, it can go up to 17%
And the basic thing that they do is: It is the same bank that gives you 0 passive income; they issue a quarterly statement. If you look at their filing with regulators and shareholders at the stock exchange, they proudly state and show their investors that they are making 15 to 17% return in capital. So we know they are making a lot of money. It is in their statement.
They choose, they know they don’t have to pay you because it does not matter if you leave their branch and you go to a different branch, and there you get exactly the same answer. So, they all colluded together not to pay the citizens, which is together with the way it is with Central Banks.
The European Central Bank decided that it is okay not to pay anybody anything because they lower the rates to zero. The Federal Reserve decided that it is okay to steal from retirees, to steal from hard-working people, because we have to save all these giant companies. We have to pull the safety net under the entire economy, and the way to do that is to have zero interest rate.
If you earn in CEL, which is our native token, you earn 25% more and stable coins it is 11.5% And, it is real easy, you don’t have to do anything. You don’t have to trade nor get into the account every day and check; the answer is no.
You can sleep all week, and every Monday morning, you are going to get a payment. We do all the hard work. We deploy the assets using many different strategies; I know it sounds crazy. The numbers we give you are lower than what your banks are earning on your own money. And, if you don’t believe me go through your bank’s financial statement, and look at their return on capital and tell me who earns more on the money, because banks have a lot to do in leverage like 10:1 leverage or 20:1 leverage. Celsius cannot do that. We are not allowed to print and create money like banks are allowed to do. We only lend assets. So, we have much less risk. But, we have managed to deliver high single-digit and low double-digit numbers, which shows how much the banks are stealing from you.
