This video is truly an eye-opener
If you have been a crypto degen like me for a significant amount of time and watch this video...you'll hit yourself in the head for nothing having come across any sooner. So many opportunities and tax paid for absolutely no reason. I highly recommend watching. The good stuff is in the second half where he breaks down the strategy.
1. Never Sell Your Assets
Scarce asset only get scarcer over time. Compared to everything else you can buy that we can make more of easily (consumer goods) through automation, assets such as a house, gold, crypto and stock will go up in value. This will protect your purchasing power over time as fiat money is debased.
2. Use Debt Against It
Collateralized loans are very low interest loans. As the scarce asset appreciate in value, you can easily pay your loan out later with another loan from the same asset that has appreciated.
3. Doing so is tax-free
Yes, loans are tax-free and you can even declare the interest rate you pay as an expense.
4. Example
Here is an example the video makes using a fairly conservative estimate of the growth in value of bitcoin over time. (historically we have had an average of 200% compounded every year for 10 years)
Conclusion
Don't sell and hold on for dear life to your coins! (especially Bitcoin)
With Celsius Network you don't have to sit on your coin and let them gather dust...you can get a yield! Imagine that scenario above if on top of the capital appreciation, the bitcoins had a yield compounding every week at 6.40% APY!