Is Celsius About To Implode?

Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/

Join the Trader University email list:
https://www.trader.university/email-list

In this video, I discuss possible signs of distress at the Celsius Network. Their token is in free-fall, and many customers appear to be having trouble getting their deposits returned to them.

If Celsius files for bankruptcy, it appears that all customer funds will be counted as company assets, which could mean that you only get back 10% or less of what you put in.

"Not your keys, not your coins."

In the current crisis, a lot of yield hogs are going to learn the difference between "return on capital" and "return of capital" the hard way.

I sincerely hope that I am wrong and that there is nothing wrong at Celsius.

In the meantime, I continue to believe that holding your Bitcoin on your own hardware wallet is the best way to go.

Not investment advice! Consult a financial advisor.

Celsius Network:
https://celsius.network/

The Best Ways To Store Small and Medium Amounts of Bitcoin:
https://www.youtube.com/watch?v=rTIl7TKEowg&ab_channel=TraderUniversity

Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity

Unhappy Celsius customer:
https://twitter.com/coryklippsten/status/1525596152845856768/photo/1

Are BlockFi, Celsius, or Gemini Earn Safe?
https://www.youtube.com/watch?v=NzCeC_NpIEg&ab_channel=TraderUniversity

UST at risk of death spiral prediction:
https://www.youtube.com/watch?v=JSYkzaTzQ0w&ab_channel=TraderUniversity

What happens to your coins if Celsius goes bankrupt:
https://celsius.network/terms-of-use

Coinbase Bankruptcy Black Swan:
https://www.youtube.com/watch?v=H2fIFFqvXco&ab_channel=TraderUniversity

Celsius CFO arrested:
https://www.coindesk.com/business/2021/11/26/celsius-cfo-arrested-on-charges-tied-to-former-job-at-moshe-hogegs-firm/

Custodian cuts ties with Celsius:
https://www.coindesk.com/business/2021/06/24/custodian-prime-trust-cuts-ties-with-crypto-lender-celsius/

Celsius loses money in BadgerDAO hack:
https://www.coindesk.com/markets/2021/12/03/crypto-lender-celsius-admits-losses-in-120m-badgerdao-hack/

Celsius may have lost money in latest blow-up:
https://www.theblockcrypto.com/post/146752/celsius-pulled-half-a-billion-dollars-out-of-anchor-protocol-amid-terra-chaos

Does Celsius have an insurance policy?
https://support.celsius.network/hc/en-us/articles/360002174718-Does-Celsius-have-an-insurance-policy-

Celsius users having trouble withdrawing their money:
https://twitter.com/MikeBurgersburg/status/1524417644379656195

CEL appears to make up a large chunk of their balance sheet:
https://twitter.com/mashinsky/status/1325126111374811136?lang=en

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Celsius
#CelsiusNetwork
#Bitcoin

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.