Bitcoin Down 50%! (How Smart Money Is Now Positioned - Nexo Guide)
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Bitcoin has dropped 50% from its peak
“With Bitcoin down 50% from all time high, a lot of holders are exploring ways to put their crypto to work. One option worth knowing about, crypto lending platforms. Now this chart right here perfectly illustrates my point. What you're looking at here is crypto lending.”
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Crypto lending platforms show uninterrupted growth
“What you're looking at here is crypto lending. You deposit your crypto, and for eligible assets, interest can accrue on your balance. And what I noticed on this chart is a major shift recently. If you see, there are several quarters in a row we've just seen uninterrupted growth.”
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Nexo is a top three global lender
“Tether, Nexo, and Galaxy are the top three lenders Galaxy Research tracks by outstanding loan values. As of September 30, Tether, 14,600,000,000 in open loans, Nexo, 2,040,000,000. Now Nexo is interesting because they've been around since 2018.”
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Flexible yield provides daily interest without lockups
“Now flexible daily compound interest with no lockups. So you generate the compound interest, like I said, with daily payouts after twenty four hours, retain complete access to your USDT, and experience the compounding effect as each payout fuels the next.”
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Borrow against crypto to avoid tax events
“And it unlocks tax efficient borrowing. And one reason borrowers may prefer this approach, borrowing against your crypto may provide liquidity without creating a tax event by selling your collateral. Note, this is not tax advice. Consult a tax professional for your specific situation.”