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Frank Holmes, Chief Executive Officer of United State Global Investors, contrasted Celsius to the defunct Long-Term Resources Monitoring, and also called it a "Ponzi" scheme.
Celsius has actually filed for Phase 11, as previous investment manager Jason Stone is filing a claim against the company for purportedly running as a Ponzi.
View part 1 of the meeting on a coming Fed pivot:
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#Bitcoin #Celsius #crypto
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Frank Holmes says Celsius was "Ponzi", functioned like Long-Term Capital, levered 100-1 (Pt. 2/2)
Frank Holmes, CEO of U.S. Global Investors, compared Celsius to the defunct Long-Term Capital Management, and called it a "Ponzi" scheme.
Celsius has filed for Chapter 11, as former investment manager Jason Stone is suing the firm for allegedly operating as a Ponzi.
Watch part 1 of the interview on a coming Fed pivot: https://youtu.be/mid9fMiLZFo
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Frank Holmes on Twitter: @bulldogholmes (https://twitter.com/bulldogholmes)
#Bitcoin #Celsius #crypto
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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