! Warning ! “Be prepared to lose all your money in crypto!”

This morning a stark warning was issued by a major bank head in light of recent moves by Celsius. Celsius operates somewhat like a traditional bank, albeit one for crypto rather than fiat currency. Until this week, it was considered among the most successful parts of the decentralized finance (DeFi) movement.

Yesterday Celsius issued this, “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts.”

All crypto-currency has taken a huge hit…Bitcoin alone has lost 67% in the last 8 months.

I’ve warned about crypto-currency for a long time. It is NOT a prepper item at all…and it is a horrible investment option. It is something that any sane person would stay very far away from.

 


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