#ALEX MASHINSKY JEWISH PLUS#

#ALEX MASHINSKY JEWISH PLUS#

Ethereum, on top of it, has what's called Eth 2.0, meaning you can put Eth on a contract to earn yield, and when you lock it in, in you can't take it out, so every day more and more Eth are being taken off the market, plus you have the burn. Bitcoin has 3% inflation, so it actually has 3% created every year.

'Eth has a 3% inflation but it also has a burn, so because of the burn, inflation is almost 0%. While there is theoretically unlimited supply for Ethereum, that supply is being artificially kept low, Mashinsky noted.

'I believe that Ethereum is running faster because is locking up more and more assets, so supply is being shrunk faster than on the Bitcoin network,' he said. Celsius is a lending platform built on blockchain technology.It allows users to borrow digital assets, deposit their cryptocurrency on the platform in exchange for rewards, and make fast crypto transfers through the Celsius app. While major banks offer savers interest rates of practically zero, the fintech startup typically gives its customers yields of around 8. Alex Mashinsky founded Celsius Network in February 2017. On Ethereum, Mashinsky said that growth is faster than Bitcoin's. SaverвЂ™s Paradise: Alex Mashinsky Celsius Network вЂ™s offer to customers who choose to keep their money on its platform is so generous that many simply donвЂ™t believe it. Bitcoin is driven, as a store of value, by supply and demand, by how many buyers and how many sellers, so it's driven by the state of trust in the community,' he said. 'I don't think that Bitcoin is driven by technological innovation. While the Taproot upgrade, which makes several improvements on the Bitcoin protocol including enhanced user privacy, came out only a few weeks ago, it had limited effect on the price. Mashinsky discusses with David Lin, anchor for Kitco News, his price projections for Bitcoin and Ethereum and his expectations for the next advancements in DeFi at the DCentral Conference in Miami. Mashinsky Tweeted about the purchase, and as of the date of the Tweet, November 27, Bitcoin was trading at a low of $53,000. ( Kitco News)В - Bitcoin, and Ethereum, have already put in their bottoms, according to Alex Mashinsky, CEO of Celsius Network, who just last week bought another $10 million of Bitcoin and Ethereum.

Alex mashinsky jewish