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IS GOLDMAN SACHS BUYING CELSIUS NETWORK FOR $2B?



 Is Goldman Sachs Buying Celsius Network?

The crypto project Celsius Network has been in trouble for a few months. If the situation does not improve, this could mean bankruptcy for the company. Now the first rumors are that Goldman Sachs will buy Celsius Network for a sum of USD 2 billion if bankruptcy should actually occur.


The platform has accumulated over $11 billion in assets and has lent out $9 billion. A purchase price of USD 2 billion would be a real bargain for the investment bank Goldman Sachs.

The Case of Celsius Network

Especially in times of the bear market, small Altcoin projects have it very difficult. Many inflate themselves with a lot of capital in times of a bull market, which is withdrawn all the more quickly when prices fall. Also in the field of crypto lending via credits and loans, there is a great danger of cryptocurrency price fluctuations.


Because once a lending contract is concluded, but the prices of the cryptocurrencies mentioned in it fall sharply, this can also distort the framework conditions of the contract. If this happens too often, such a crypto platform can quickly have liquidity problems. Celsius Network has now also stopped paying out .


Some rumors about the purchase seem to be doing the rounds at the moment. Former Bitmex CEO and co-founder Arthur Hayes stated that Goldman Sachs will not buy Celsius Network with equity. It is more likely that various investors will be brought together in order to ultimately be able to raise the sum of USD 2 billion.


He explains:


Please do not believe that Goldman Sachs is putting their own money at risk unless they specifically say so. The investment bank does what advisory banks do: they round up a bunch of investors and help them structure the purchase of hard-hit assets for a fat fee.

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