If you’re not earning yield on your crypto, you’re not doing crypto right

One of the biggest differences between the current crypto bull cycle and bull cycles in the past is that we now have a multitude of opportunities to earn yield on our holdings. This benefits investors on an individual basis as well as the market as a whole. Not partaking in yield opportunities may be holding you back from optimal gains and risk/reward ratios. One aspect of crypto that no longer exists in the traditional banking system is the ability to get real interest on dollars. That’s right- there are several platforms where you can take cryptocurrencies (USDC, BUSD, USDT, GUSD) that are backed and pegged to physical dollars and earn passive interest. And it’s not hard! On BlockFi, Voyager, and Celsius, you can easily make 8%+ just by holding dollar backed cryptocurrency on their platform. There is an element of risk involved. However, you could argue that there may be a bigger element of risk involved in hold your money in a non/low yielding bank account. We know that inflation is here and bank solvency is not a given. For these reasons, I have moved a portion of my portfolio into cryptocurrency.

For those who have not read my other articles, I have a three pronged strategy for cryptocurrency- 1) Accumulation and passive yield of Bitcoin, Ethereum, Chainlink, USDC, and Paxgold for long term wealth building. 2)…