June 23, 2021

Earning 7.5% on Cash, Investing in Crypto and Trading Options

#8: Crypto expert Zac Prince, joins Chris to talk about how to earn up to 7.5% 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 7.5% on your cash using crypto. Get up to $250 free when you sign up at https://www.allthehacks.com/blockfi 

[Note: When this episode was published, the BlockFi stablecoin rate was 8.6%, however this page has been updated to reflect their current rate of up to 7.5%]


Selected Links From The Episode

Connect with Zac : Twitter | LinkedIn

Earning 7.5% with BlockFiAccount: Get up to $250 free when you open a BlockFi Account

BlockFi Credit Card Waitlist: Bitcoin Rewards Credit Card

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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