If BF has a $5B valuation what do you think @CelsiusNetwork might command? Consider, funds are fighting to get into high-growth crypto companies.

Celsius returns 80% yet is self-sustaining, BF returns less yet isn't sustainable? Something wrong with the business maybe.
Also, just to be fair, raising capital one round after another, doesn't mean a business is not sustainable, it is a common tactic for raising investor interest & valuation in preparation for an exit strategy.
In addition, Celsius has far less share dilution, meaning a $1 at Celsius will buy you a larger share of the equity pie b/c there have not been as many funding rounds relative to BF.

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More from @JoshuaTjo

18 Mar
Something that really impressed me with @HarumiUrata's interview on Clubhouse was @CelsiusNetwork tremendous care over our assets. They really do everything they can to make sure our assets are generating yield in a safe, diversified, and sustainable manner.

She said that no counter party holds greater than 10% of Celsius' assets, and that their assets are deployed across multiple strategies, such as institutional lending, liquidity providing, market arbitrage, and retail lending to name a few.

Though there's little anyone can do if the "crypto markets were to go to zero," her response showed us that they've managed to go through 70% market drawdowns without a sweat.

Read 5 tweets

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