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Three large cap altcoins I’m earning over 10% per year in passive income on
My entire adult life, since I read Rich Dad, Poor Dad I’ve been seeking some level of passive income. I’ve tried selling covered calls in the stock market, investing in high yield equities, owning and renting real estate, and having a whopping 2% interest (several years ago) in a high yield online savings account. Unfortunately, I had limited to no success with any of these avenues. Based upon my track record, I may not be the best person to look at for strategies to increase passive income. I can appreciate it if you want to move on to the next article. However, if you are still interested in hearing me out, I’d like to share why I think cryptocurrency is a great place to earn passive income as well as three large cap altcoins I’m investing in to earn over 10% per year. Keep in mind that I am in the US so I am limited as to what exchanges I can use.
We are in a cryptocurrency bull market. Last year, around this time the entire market cap of the cryptocurrency market was around $140 billion dollars. Today, it’s around $1.9 trillion dollars. That’s over a 10X gain. Meanwhile, the flaming hot Nasdaq index is about double where it was 1 year ago. Which momentum do you want your portfolio to be a part of? Keep in mind that these gains come with a lot of risk and you could argue that the potential gains could and will…