He’s the founder of Celsius, which enables users to earn interest on and borrow dollars against cryptocurrencies. But I think everything is going to take a hit first if tapering and the interest rates are going to rise.”īitcoin is trading at $49,218 at time of writing. Today, Mashinsky hopes to ride the cutting edge of yet another major innovationcryptocurrency. To learn more Celsius Network, you may watch an interview of Alex Mashinsky by Altcoin Buzz below. The company exists based on the fundamental idea of decentralization by allowing people to unbank themselves and substituting the existing financial structures with a new model. Founder and CEO Alex Mashinsky says outcompeting the banks is easy. Celsius Network was founded by Alex Mashinsky in 2017. “If we’re seeing inflation continue to rise, we’re seeing the Fed really locking the horns with inflation, trying to put it back in Pandora’s box, I think we’re going to see asset classes including Bitcoin and gold actually take a hit first.Īnd then they may recover and go higher. Celsius Network went from having US1 billion in assets on its platform to more than US20 billion in just one year. Mashinsky says that Bitcoin and gold could, however, fall first before rallying due to the Federal Reserve Bank’s efforts to fight inflation and drawdown asset purchases. I expect gold to go much higher than $2,000 and stay above those levels when people realize that those are the real only two assets that are not connected to the mother ship which is the dollar.” “So Bitcoin, I expect it to rip higher again, $140,000 to $160,000 next year. “They are going to continue to reflate and because of that sooner or later, both Bitcoin and gold are actually going to rip much higher because basically, people will understand that they’re getting taxed and then debased, you know.”Īccording to the Celsius Network CEO, Bitcoin could more hit a six-figure price in 2022.

Mashinsky celsius