Earning 9% on Cash, Investing in Crypto and Trading Options with Zac Prince, BlockFi CEO

Jun 23, 2021

Zac Prince, CEO of BlockFi and a cryptocurrency expert, shares his insights on earning up to 9% interest on cash through crypto stablecoins. He discusses his innovative investment strategies, the unique features of BlockFi’s interest accounts, and the risks involved in crypto lending. Listeners can learn about the advantages of traditional finance versus decentralized finance, his portfolio tips, and the potential for Bitcoin and Ethereum in today’s market. Zac also dives into options trading strategies to enhance financial performance.

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ANECDOTE

Zac's Path to BlockFi

Zac Prince, CEO of BlockFi, started in ad tech and later fintech.
His early interest in Bitcoin (2014) and a blog about fintech led him to create BlockFi.

INSIGHT

High-Yield Stablecoin Accounts

BlockFi's interest accounts offer high yields on stablecoins (8.6%), which are pegged to the US dollar.
High demand for crypto loans, coupled with banks' limited involvement, drives these high rates.

INSIGHT

Risk Assessment

BlockFi accounts lack FDIC or SIPC insurance, resembling private credit.
Their lending, however, is collateralized with liquid crypto assets, lowering risk.

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