Celsius Repays Claims with Doubled Bitcoin and Ether Prices

Crypto lender Celsius, currently facing a Chapter 11 bankruptcy, could potentially repay all claims if the prices of Bitcoin (BTC) and Ether (ETH) double their current market prices, according to an estimate by the Bank of the Future. The founder of the investment firm, Simon Dixon, stated that creditors should aim to exit the bankruptcy proceedings before the end of 2023 or before BTC and ETH reach the estimated price. Celsius has appealed to convert its altcoins into BTC and ETH to maximize asset value. The restructuring plan under the Fahrenheit consortium includes mining, institutional loans, and investments valued at $1.4 billion, along with $450 million in liquid crypto.