Investors Are Accumulating Bitcoin and Ethereum and Not Letting Go, Says Creator of Crypto App With $50 Million in Deposits

The longest Bitcoin bear market in history is shining a light on the crypto investors and long-term strategists who are holding their crypto, despite the precipitous price declines since December 2017.

Investors who park their crypto in Celsius Network are consistently bearing interest.

The New York-based platform is thriving at a new business model that has far-reaching implications. The Ethereum-based, peer-to-peer crypto lending platform has generated over $630 million in crypto loans to exchanges and hedge funds since launching its mobile app in July 2018.

An innovator who holds patents for technologies that have transformed several industries, founder Alex Mashinsky was an early developer of Voice over Internet Protocol (VOIP).

Says Mashinsky,