#8: Crypto expert Zac Prince, joins Chris to talk about how to earn up to 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]
Selected Links From The Episode
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
How Zac ended up running BlockFi [01:42]
How is BlockFi able to pay high interest rates on cash? [03:35]
What are the risks of putting money in a BlockFi account? [06:50]
For every 100 dollars that comes into BlockFI, they lend out about $70-80. Here is why. [08:09]
How BlockFi automation reduces risk if bitcoin falls at 3 am. [09:31]
Why BlockFi is different from other platforms that pay you interest on crypto. [11:08]
DeFi platforms vs. BlockFi - which pays you more? [13:09]
How big is BlockFi (staff and funding): the fastest fintech company to get to $3B valuation. [14:30]
Should crypto be part of your investment portfolio? [15:27]
When will cryptocurrency be mainstream? [18:45]
Why are traditional banks not embracing crypto? [21:42]
What are stock options and how you can use them to grow your wealth. [23:06]
How a great credit score saves you a ton of money [27:21]
How you can get someone to negotiate your bills for you and get them lowered. [28:17]
What is the world’s first Bitcoin rewards credit card? (an unintimidating way to make bitcoin) [29:32]
There are so many cryptocurrencies, how do you pick? (three categories of crypto) [34:14]
Two interesting things you can do with stablecoin. [35:46]
BlockFi CEO’s, Zac Prince, personal cryptocurrency portfolio. [36:19]
Is buying Ethereum the same as betting on the future of blockchain? [37:04]
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