Pomp is the co-founder of Morgan Creek Digital and also happens to invest in BlockFi, so of course he is happy with the announcement. BlockFi currently allows you to yield up to 8.6% annually on your money, which is nearly 800% higher than the best high-yield savings accounts. For example, if you deposit 10,000 stablecoins into your BlockFi Interest Account, you could earn up to $860. If you invest in cryptocurrencies, you better be prepared for this. For example, I can invest in various stocks, which I do, and I take all sorts of equity and valuation risk. BlockFi still has higher APY on BTC, LTC, and ETH though. Rather than letting your coins sit at your cold storage or crypto exchanges, BlockFi makes it possible for everyone to lend cryptocurrency for profits. The video was a classic pump and dump. BlockFi is a privately-held cryptocurrency financial services platform that was founded in 2017 and is based in New York. BlockFi is a great, convenient way to borrow, lend and trade your cryptocurrency safely, all in one dashboard. It allows you to store cryptocurrencies on BlockFi platform and earn interest on your holdings. About BlockFi. This is a self-service security feature that allows you to ban withdrawals or restrict them to certain addresses. BlockFi review in brief. Headquartered in New York, BlockFi is a regulated crypto lending platform backed by big dogs like Peter Thiel (founder of PayPal), Coinbase, and the Winklevoss twins. But how is that possible? There is … BlockFi made a massive blunder that resulted in the crypto lending and trading platform accidentally sending out large sums of Bitcoin (CCC:BTC-USD) … If you put your money in BlockFi, you better hope they are prepared for this. Celsius however does have a slight lead in USDC interest (for now, they change it frequently) of 8.69% instead of 8.6%. BlockFi lets you opt into something called allowlisting. The video author said if everyone deposited $25, Dogecoin would reach $1, making each $25 investment worth $10,000. Never invest more than you can afford to lose. BlockFi's Interest Account product allows users to deposit various crypto tokens like bitcoin, ethereum, and stablecoins like USDC which earn interest on these deposits. In more simple terms, you hold money, get compound interest, your assets grow, and you get more interest. According to BlockFi, you can earn up to 8.6% annually on your cryptocurrency. This depends significantly on how much you invest. The BlockFi interest account is their primary product that made this cryptocurrency investing platform so popular. Invest in proven Finance/Payments companies like BlockFi at SharesPost.com. You can set up dollar cost averaging on BlockFi which is great for passive investing. With the BlockFi interest account you can earn monthly interest on your crypto assets with close to zero effort involved. Ways to Invest in BlockFi stock. BlockFi is a neat take on the savings model that allows you to save money in cryptocurrencies and get a favorable interest rate. Dogecoin hasn't gotten anywhere near $1.
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