#8: Crypto expert Zac Prince, joins Chris to talk about how to earn 9% interest on cash through crypto stablecoins. They also discuss Zac’s favorite investing hacks, his crypto portfolio advice, Bitcoin, Ethereum and other different crypto tokens Zac invests in.
Zac Prince (@blockfizac)) is the CEO of BlockFi), a crypto-first banking platform that lets you earn interest, borrow cash, and trade crypto. BlockFi is one of the fastest growing fintech companies ever and currently lets you earn up to 9% on your cash using crypto.
[Note: Since this episode aired, BlockFi has halted withdrawals and I can no longer recommend using them, but I've decided to keep the episode up]
Full show notes available at: https://www.allthehacks.com/blockfi-zac-prince)
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Resources Mentioned
Connect with Zac : Twitter) | LinkedIn)
Get your bills negotiated: BillShark) | Trim)
Grow your wealth: $5,000 Managed Free at Wealthfront)
Options Income Strategies: Article from SeekingAlpha)
Full Show Notes
(01:42) How Zac ended up running BlockFi
(03:35) How BlockFi pays high interest rates on cash
(06:50) Risks of putting money in a BlockFi account
(08:09) How BlockFI lends out about $70-80 for every $100
(09:31) BlockFi automation and risk reduction for bitcoin
(11:08) BlockFi's uniqueness in interest-paying platforms
(13:09) DeFi vs. BlockFi: Comparing payout potentials
(14:30) BlockFi's scale and valuation journey
(15:27) Should crypto be part of your investment?
(18:45) Mainstream adoption timeline for cryptocurrency
(21:42) Traditional banks and their crypto hesitations
(23:06) Stock options: Leveraging for wealth growth
(27:21) Credit score's role in saving money
(28:17) Outsourcing bill negotiation for savings
(29:32) The world’s first Bitcoin rewards credit card
(34:14) Navigating cryptocurrency variety: Three categories
(35:46) Exploring stablecoin applications
(36:19) BlockFi CEO’s cryptocurrency portfolio
(37:04) Ethereum: Betting on the blockchain future
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